New Debt Mutual Fund Norms: AMCs Open Subscription For International Schemes
The existing Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) will reopen from March 29 onwards. However, fresh SIP and STP will not be allowed.
Mar 27, 2023, 17:48 PM IST
Debt MF Taxation Amendment a Surprise, Will Be Detrimental To Corporate Bond Mkt Development: Asset Managers
Debt mutual funds are stripped of the long-term tax benefit if they invest less than 35 per cent of their assets in equities. Such mutual funds will attract short term capital gains tax.
Mar 24, 2023, 19:12 PM IST
Govt To Scrap Long-Term Tax Benefit For Debt Mutual Funds: Report
Finance ministry is likely to bring in amendments to the Finance Bill 2023, removing the long term capital gains tax (LTCG) benefits available to such specified MFs. Currently, such mutual fund schemes attract 20 per cent LTCG with indexation benefits.
Mar 24, 2023, 13:31 PM IST
