Thursday June 8, 2023
The News Strike
24NewsHour
The News Equity The News Equity
  • Home
  • Business
  • News Update
  • Education
  • Technology
  • Sports
  • Others
    • Entertainment
    • Law
    • Health
  • About
The News Equity

Breaking News

3 out of 5 Indians Prefer Getting their Car Financed

Uber Launches Advertising Solutions To Serve India’s Biggest Brands

  1. Home
  2. Business
  3. Axis Mutual Fund Views – Finance Bill 2023 – Raghav Iyengar, CBO, Axis AMC
 Axis Mutual Fund Views – Finance Bill 2023 – Raghav Iyengar, CBO, Axis AMC
Business

Axis Mutual Fund Views – Finance Bill 2023 – Raghav Iyengar, CBO, Axis AMC

by thenewsequity March 27, 2023 0 Comment

Key Takeaways (proposed to be effective from April 01,2023 onwards): –

Investment in mutual funds (where not more than 35 percent is invested in equity shares of domestic companies) that are bought on or after April 1, 2023, will be taxed as short-term capital gains at applicable tax rates. That is, capital gains from debt funds, international funds and gold funds, irrespective of their holding period, will be taxed at an individual’s relevant applicable tax rate.

  • Debt mutual funds held for more than 3 years will no longer enjoy indexation benefit
  • Additionally, existing LTCG benefits will continue for investments made on or before March 31, 2023.

Conclusion:

With this change debt funds & traditional investments will now see parity in taxation. The comparison between such opportunities will rest largely on performance. One caveat for existing investors through this news flow remains, that of existing investments in debt funds, international funds and gold funds, and even new investments made in them until March 31, 2023, will not be affected by the proposed amendments. These investments will continue to attract long-term capital gains taxation once they complete 3 years. Investors could revisit their portfolio and reallocate funds towards debt and global funds to optimize their portfolios.

Sources: Finance Bill 2023, Axis AMC Research

Previous post
Next post

thenewsequity (Website)

administrator

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

CATEGORIES

  • Business
  • Education
  • Entertainment
  • Health
  • News Update
  • Politics
  • Sports
  • Technology
  • TNE
The News Equity The News Equity

Get The Post

Business
News Update
Education
Technology
Sports

Other Links

Entertainment
Law
Health

Quick Links

About Us

Follow Us

Subscribe

© Copyright 2023. All rights reserved.