Banks could expect more deposits after mutual funds lose indexation benefit

On Friday, the Lok Sabha passed the Finance Bill 2023 with some amendments. According to the Bill, mutual funds having less than 35% assets under management in domestic equity will lose the indexation benefit and the returns will be taxed as short-term capital gains according to the tax slab of the individual.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/rMohl3L
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