Budget 2018: LTCG tax seen impeding mutual fund investments

Budget 2018: LTCG tax seen impeding mutual fund investments

Budget 2018 also proposed to introduce 10% LTCG tax on gains accruing from equity and mutual fund investments exceeding Rs1 lakh per annum. Photo: iStockphoto Mumbai: The government’s move to impose tax on long-term capital gains tax, or LTCG tax, as...
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PPFAS Mutual Fund board revises debt investment valuation policy

PPFAS Mutual Fund board revises debt investment valuation policy

The board of directors of PPFAS Trustee Co and PPFAS Asset Management Pvt Ltd has revised the “investment valuation policy” under section-II of debt and debt-related instruments of the fund house with immediate effect, the mutual fund said. The s...
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Sebi advisory panel plans to reduce mutual fund schemes by half

Sebi advisory panel plans to reduce mutual fund schemes by half

The Securities and Exchange Board of India’s mutual fund advisory panel has recommended strict definitions for mutual fund scheme, which might bring down the current schemes by as much as half. The capital markets regulator will enforce the new definitions.....
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Sebi Chief Cautions Mutual Funds Against Letting Debt Funds Bulge

Sebi Chief Cautions Mutual Funds Against Letting Debt Funds Bulge

Mumbai:Amidst the concerted efforts by the government and the Reserve Bank of India (RBI) to rein in the mounting issue of bad loans, Sebi Chairman Ajay Tyagi on Thursday cautioned mutual fund players against letting some of such money flow...
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Mutual Funds Managers Need To Improve Due Diligence

Mutual Funds Managers Need To Improve Due Diligence

Mumbai: Indian mutual funds need to improve their due diligence before investing in corporate bonds and not rely only on credit ratings given rising concerns about potential defaults, the chairman of Securities and Exchange Board of India (SEBI) said on Thurs...
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Mutual Funds Get 19 Lakh New Investors In 2 Months

Mutual Funds Get 19 Lakh New Investors In 2 Months

New Delhi: Mutual fund houses added close to 19 lakh investor accounts in April-May of 2017-18, taking the total tally to a record 5.72 crore, driven by growing interest from retail and HNI investors alike. This is on top of...
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