- AMCS LAUNCH FUNDS AS FINANCIAL YEAR COMES TO A CLOSE
INDIVIDUALS SHOULD CONSIDER investing in hybrid funds now for capital appreciation as well as lower tax outgo. The tax efficiency from indexation benefits as well as the 20% special tax rate boosts returns and makes these funds an appealing option for those seeking a blend of stability and growth potential.
Asset management companies have launched a host of hybrid funds this month for investors to get the indexation benefit as the financial year comes to a close. As these funds put at least 35% into stocks, they qualify for the special tax rate of 20% with indexation benefit if an investor holds them for more than three years. This is a better deal than debt funds, which are taxed based on slab rates.
Change in tax norms
Diese Geschichte stammt aus der February 26, 2024-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der February 26, 2024-Ausgabe von Financial Express Mumbai.
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