News From Press With indexation benefits gone, what makes debt mutual funds stand out against fixed deposits?

With indexation benefits gone, what makes debt mutual funds stand out against fixed deposits?

Source: Financial Express Apr 4, 2023

Indexation benefits are no longer available on long-term capital gains (LTCG) on debt mutual funds. From April 1, 2023, debt mutual funds (MFs) are getting taxed as per the income tax slabs of an individual’s income. The changes were introduced by the government in the Finance Bill 2023 which was passed last week during the Budget Session.

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