If you are an investor who needs expert advice, you have a choice of three investment routes: invest in a portfolio investment scheme (PMS), a mutual fund (MF) or an Alternative Investment Fund (AIF). While each of these routes differs from the other in terms of minimum investment, lock-in and liquidity of funds invested, and management fees charged, they also differ in the tax treatment of the income earned through them. Often, the tax advantage of a particular route may impact the investor’s post-tax yield.
India: Life market expected to grow by 15% in next 3-5 years
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