indexation removal

With September rate cut almost a certainty, long duration debt MFs advised: Marzban Irani of LIC Mutual Fund AMC

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With September rate cut almost a certainty, long duration debt MFs advised: Marzban Irani of LIC Mutual Fund AMC

After indexation removal, the flows have slowed down in duration funds, Marzban Irani, CIO of Fixed Income at LIC Mutual Fund AMC, tells ETMarkets. However with September interest rate cut almost a certainty now, debt investors can gain from longer-duration assets, he recommends. Excerpts: Q: After Fed Chair Jerome Powell’s Jackson Hole speech, it is … Read more

Maruti to raise deferred tax liability provision by Rs 850 cr in Q2 on indexation removal

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Maruti to raise deferred tax liability provision by Rs 850 cr in Q2 on indexation removal

Maruti Suzuki India on Saturday said it would need to increase provision for deferred tax liability by around Rs 850 crore due to the withdrawal of indexation benefit while calculating long-term capital gains on debt mutual funds. The company was making accounting provisions for deferred tax liability on fair value gains on these investments, Maruti … Read more