EPISODE · Mar 28, 2023 · 20 MIN
As Debt Mutual Funds lose their tax advantage, what are the alternatives
from Why Not Mint Money · host Mint - HT Smartcast
Last week, an amendment in the Finance Bill, took away the long-term capital gains tax benefit that came with debt mutual funds. For investors that held their investments in debt mutual funds for over 3 years, the gains were taxed at a flat rate of 20%. This also came along with indexation benefits. In today's episode of Why Not Mint Money, we are joined by Deepesh Raghav, who is a registered investment adviser and the founder of PersonalFinancePlan on what are the alternatives now for investors as this new rule kicks in from the 1st of April. Learn more about your ad choices. Visit megaphone.fm/adchoices
What this episode covers
Last week, an amendment in the Finance Bill, took away the long-term capital gains tax benefit that came with debt mutual funds. For investors that held their investments in debt mutual funds for over 3 years, the gains were taxed at a flat rate of 20%. This also came along with indexation benefits. In today's episode of Why Not Mint Money, we are joined by Deepesh Raghav, who is a registered investment adviser and the founder of PersonalFinancePlan on what are the alternatives now for investors as this new rule kicks in from the 1st of April. Learn more about your ad choices. Visit megaphone.fm/adchoices
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As Debt Mutual Funds lose their tax advantage, what are the alternatives
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