Tax experts say that distributors earning less than Rs.20 lakh a year are likely to avail reverse charge mechanism benefits until the government issues a notification.
SEBI has come up with a slew of measures on investment norms for debt funds. While returns across all categories are likely to decline slightly, these measures are likely to make debt funds safer.
The fund house said that it has recovered Rs. 289 crore including interest on its holdings in Reliance Business Broadcast News Holdings (RBBNH) and Reliance Commercial Finance.
In an interview, George Heber Joseph, CEO and CIO ITI MF said, “Investors should invest in ELSS to achieve a long term goal - children’s education, marriage, buying a house, wealth creation etc.”
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