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New Mutual Fund Rules From April

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  • Published On: March 24, 2023
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In a major setback for Mutual Fund (MF) investors, the government may do away with the long term capital gain (LTCG) tax benefits that a debt fund mutual investors enjoy. According to the proposed amendments in the Finance Bill 2023, investment in mutual fund where not more than 35 percent is invested in equity shares of Indian company will now be deemed to be short-term capital gains.
 
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