MFs hardsell debt funds as tax benefits end on March 31

MFs hardsell debt funds as tax benefits end on March 31

Mutual fund firms are wooing retail investors who seek to avail of long-term tax benefits in debt funds in the last few days of the fiscal ending March 31, report Aseem Gujar & Partha Sinha. Last week, the government withdrew indexation benefits for investors in MF schemes that hold less than 35% domestic equity in their portfolio. The new norms will apply from April 1.

Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News