Last Updated: Friday, July 25, 2014, 15:29
He also increased the long-term capital gains tax rate on debt-linked mutual funds to 20 percent from 10 percent.
Last Updated: Friday, July 25, 2014, 12:56
Jaitley said that higher tax on debt mutual funds will apply prospectively from July 10.
Last Updated: Thursday, July 24, 2014, 16:16
The government will not retrospectively tax debt fund investors, as per Zee news sources.
Last Updated: Tuesday, June 03, 2014, 17:14
Mutual funds received close to 40,000 complaints from investors in 2013-14, down 40 percent from the preceding financial year.
Last Updated: Tuesday, April 15, 2014, 15:29
Religare Invesco Mutual Fund on Tuesday launched a new open-ended fund of funds scheme 'Religare Invesco Global Equity Fund'.
Last Updated: Sunday, April 13, 2014, 15:12
This was the highest level since January 2013, when fund managers had shored up their investment in banking shares to Rs 42,760 crore. This was also the second consecutive monthly rise in exposure.
Last Updated: Thursday, April 10, 2014, 19:12
Mutual funds witnessed huge redemption of Rs 1.09 lakh crore by investors in March, making it the highest monthly outflow in three years.
Last Updated: Wednesday, January 01, 2014, 13:48
Mutual fund industry has lost an estimated over 24 lakh investors, measured in terms of individual accounts or folios, in the first eight months of the current fiscal.
Last Updated: Sunday, December 09, 2012, 18:08
"The move to implement direct plans will help in reduction in total expense ratio under a scheme by around 60-70 basis points," Quantum Mutual Fund Chief Executive Jimmy A Patel said.
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