Ease of investing, automatic asset allocation and benefit of long-term capital gains taxation are drawing investors to fund of fund (FoF) schemes again after the budget. Data from AMFI show these schemes saw inflows of ₹1,008 crore in August, as compared to outflows of ₹2,445 crore in 12-month period ending March 31, 2024. An FoF … Read more
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
A “surprisingly bad outcome” in national elections, and any changes in capital gains tax in upcoming July budget could act as triggers for a near-term correction in Indian markets, Christopher Wood, global head of equity strategy at Jefferies said. While a shock BJP defeat in 2024 elections is “extremely unlikely”, markets could correct even more … Read more
