Yubi Daily Wrap

Macro News

The government passed Finance Bill 2023, which proposed removing the long-term capital gains benefits for majority of the debt MF schemes, by taxing on investors’ income tax rate – which is likely to be higher. Currently, India charges 20% long term capital gain tax, if sold after 3 years of investment. This move could reduce inflows in debt mutual funds and benefit bank deposits.

March 24, 2023

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