Mutual fund houses are re-opening their international funds for investment due to the potential loss of long-term capital gains tax benefits if invested after the end of March.
Edelweiss has re-opened seven of its international funds for investment. The fund house had suspended fresh investments in these schemes in February as it was closer to the threshold limit set for each mutual fund by the Association of Mutual Funds in India (AMFI). It will be open for investment till March-end, it said.
