BUSINESS Indian banks to gain $36 billion in deposits as funds get taxed Delena Oza Mar 27, 2023 NEW DELHI: India’s decision to tax returns from fixed-income mutual funds is set to bolster its lenders’ efforts to lure deposits for… Read More...
BUSINESS Govt removes long-term tax benefit for debt mutual fund investors Delena Oza Mar 26, 2023 MUMBAI: The government on Friday withdrew indexation benefits for investors in debt mutual fundsand some other types of schemes,!-->!-->… Read More...
BUSINESS New debt mutual fund tax rule may help banks bridge deposit shortfall Delena Oza Mar 25, 2023 MUMBAI: For years, banks have been pitching for tax parity with mutual funds by making available the same tax breaks for long-term… Read More...
BUSINESS Debt mutual funds continue to see outflow; investors withdraw Rs 70,000 crore in Jun quarter Delena Oza Aug 21, 2022 NEW DELHI: Investors continued to withdraw from mutual funds focused on investing in fixed-income securities for third consecutive… Read More...