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Govt concessions to debt funds a partial relief: MF industry

Last Updated: Friday, July 25, 2014, 18:06

Mutual Fund industry on Friday termed as 'partial relief' the government's decision to exempt debt mutual funds sold between April 1 and July 10 this year from an increased tax rate.

Marginal relief to MFs; new tax rate effective from Jul 10

Last Updated: Friday, July 25, 2014, 17:34

In a small relief to the mutual fund industry, Finance Minister Arun Jaitley on Friday announced that the increased tax rate of 20 percent on debt MFs will not apply on units sold between April 1 and July 10.

India exempts debt mutual funds from new tax for a short period

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.

Jaitley announces some concessions, tax on MF from July 10

Last Updated: Friday, July 25, 2014, 15:13

The Lok Sabha later passed the Finance Bill, 2014 completing the budgetary exercise in the Lower House.

No retro tax on debt Mutual Fund: Arun Jaitley

Last Updated: Friday, July 25, 2014, 12:56

Jaitley said that higher tax on debt mutual funds will apply prospectively from July 10.

Government to not retrospectively tax debt fund investors

Last Updated: Thursday, July 24, 2014, 16:16

The government will not retrospectively tax debt fund investors, as per Zee news sources.

Mutual fund distributors' commission rises by 9% in FY'14

Last Updated: Thursday, July 17, 2014, 15:03

According to latest data available with Association of Mutual Funds in India (AMFI), the total income earned by 329 distributors stood at Rs 2,572 crore.

Mutual Fund industry says Budget a mixed bag

Last Updated: Friday, July 11, 2014, 13:42

The mutual fund industry on Thursday welcomed the Budget proposal to increase the tax exemption limit under section 80C of the Income Tax Act to Rs 1.5 lakh, but said other measures were a mixed bag.

Investors pump in Rs 54,000 cr in mutual fund schemes in FY14

Last Updated: Wednesday, July 09, 2014, 19:41

Investors pumped in nearly Rs 54,000 crore in various mutual fund schemes in 2013-14, 23 percent lower than the amount infused by them in the preceding fiscal, the Economic Survey said Wednesday.

Mutual Fund industry AUM rises by Rs 80,000 cr in Apr-Jun qtr

Last Updated: Wednesday, July 02, 2014, 14:14

Improved market sentiments helped mutual funds' assets under management (AUM) soar by Rs 80,000 crore or nine percent to Rs 9.85 lakh crore in the first quarter of the current fiscal.

Mutual Funds' exposure to IT stocks hit 9-months low in May

Last Updated: Monday, June 30, 2014, 15:11

Fund managers' exposure to the software space has dropped to the lowest level in nine months to Rs 22,986 crore at the end of May, amid weakness in the sector.

MFs' AUM touches record-high of Rs 10 lakh crore in May

Last Updated: Thursday, June 05, 2014, 19:21

Industry experts attributed the rise in AUM to a significant level of fund mobilisation as well as a sharp rally in equity markets.