News From Press No reduction in inflows for mutual funds after LTCG tax, says AMFI

No reduction in inflows for mutual funds after LTCG tax, says AMFI

Source: ET Feb 14, 2018

The mutual funds industry does not see any reduction in the inflows of funds after the proposal of long term capital gains (LTCG) tax and dividend distribution tax (DDT), an official said here on Tuesday .

The industry also expects there would be no level playing field between mutual funds and unit linked insurance plan (ULIP) after the introduction of LTCG tax and DDT, Association of Mutual Funds of India (AMFI) Chief Executive N. S. Venkatesh said.

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1 Comment

DINESH KUMAR MAURYA · 6 years ago `

There may be reductions when investor redeem their money after grandfathering date...it takes long times

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