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  • News From Press Corporate tax rate cuts: Mutual funds use rally to offload winners

    Corporate tax rate cuts: Mutual funds use rally to offload winners

    Source: Business Standard Oct 16, 2019

    (MFs) were seen booking profits in stocks that surged in September, following the government’s decision to lower corporation tax rates. Maruti Suzuki, HDFC Bank, and Bajaj Finance were key frontline stocks that saw selling between Rs 700 crore and Rs 1,400 crore by domestic MFs. On the other hand, Axis Bank, ICICI Lombard, HDFC, SBI Life, as well as Zee Entertainment were among the most-bought counters during September.

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