News From Press Tax parity with equity mutual funds has made FoFs a viable investment option now

Tax parity with equity mutual funds has made FoFs a viable investment option now

Source: Economic Times Jun 5, 2018

Most fund of funds (FoF)— schemes that invest in other mutual funds—launched in India have seen muted investor interest because of their tax disadvantage vis-a-via equity funds.

While dividends and long-term capital gain (LTCG) from equity funds were tax free till a few months.

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