The biggest ever banking fraud, which has engulfed PNB, could trigger a rating downgrade.
These equity-oriented schemes together hold PNB shares worth Rs 3,980 crore.
These equity-oriented schemes together hold PNB shares worth Rs3,980 crore, according to Value Research. Some popular schemes of HDFC Mutual Fund held shares worth Rs 1800 crore as on January 31, 2018 which account for 1-2% of the portfolio for individual schemes.
Financial planners believe it will be tax efficient to move to the growth plan of mutual funds.
Once the budget is passed in parliament, from April 1, fund houses will deduct a 10% dividend distribution tax and pay the investor.
Fund managers have preferred companies with strong current growth.
The GOI Savings Bond has been relaunched with a coupon of 7.75 per cent for 7 years.
The popularity of balanced schemes may wane among investors as a Budget proposal to impose a dividend distribution tax (DDT) of 10% on dividend declared by equity-oriented mutual fund schemes could reduce the flows into this category.
In this year’s budget,govt has proposed 10% LTCG tax on gains made above Rs 1 lakh per annum.
In this years budget, the government has proposed a 10% LTCG tax on gains made above Rs 1 lakh per annum.
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