Business TodayMar 29Debt vs Hybrid vs Multi-asset: A Balasubramanian suggests these mutual funds to make money in FY24 The Finance Bill was passed by the Lok Sabha with 64 amendments on Friday. Now, as per the changes, the gains from mutual funds where not more than 35 per cent is invested in equities will now be deemed to be short-term capital gains, and that's with effect from April 1, 2023. Also, debt funds held for more than three years will no longer enjoy indexation benefits. Additionally, they won't be eligible for a 20 per cent tax rate as well. To understand what it really means for the industry at large and what should be your investment strategy from now on BTTV's Sakshi Batra speaks with A Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC & Chairman, AMFIRead More At Business Today
The Finance Bill was passed by the Lok Sabha with 64 amendments on Friday. Now, as per the changes, the gains from mutual funds where not more than 35 per cent is invested in equities will now be deemed to be short-term capital gains, and that's with effect from April 1, 2023. Also, debt funds held for more than three years will no longer enjoy indexation benefits. Additionally, they won't be eligible for a 20 per cent tax rate as well. To understand what it really means for the industry at large and what should be your investment strategy from now on BTTV's Sakshi Batra speaks with A Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC & Chairman, AMFIRead More At Business Today
