The proposed changes in Dividend Distribution Tax (DDT) and the new income tax system announced in the budget will not have any adverse impact on the mutual fund industry that showed resilience and maintained robust growth amid economic headwinds, a senior mutual fund official said.
After the Union Budget was presented on February 1, there had been some apprehensions on the growth of MF sector in the coming days. Budget 2020 has proposed to make dividend income from mutual funds taxable ..
