News From Press Debt fund taxation change breathes life into equity savings scheme

Debt fund taxation change breathes life into equity savings scheme

Source: Business Standard Dec 20, 2023

Post the change in debt fund taxation in March, a lesser-known hybrid fund has emerged as one of the alternatives for fixed-income investors.
Equity savings schemes, the smallest hybrid fund category in terms of assets, have raked in around Rs 6,000 crore this financial year (FY24) so far compared to Rs 1,100-crore outflow in FY23.

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