About a month ago, in a sister publication of this newspaper, I wrote a column explaining the exact nature of the tax advantage that mutual fund investments offered over bank fixed deposits. The case I discussed was one where the goal was to earn a monthly income. It turns out that in an example investment where the annual income received was Rs 80,000, the tax outgo for bank deposits was Rs 24,720 while for mutual funds was Rs 1,831. A lot of people who never invest in mutual funds don’t really ..
