Investors will have to shell out more for buying mutual fund products after the implementation Goods and Services Tax (GST), which the government expects to bring into force from April next year.
Investment in mutual funds will become costlier by 300 basis points or 3 per cent, says experts.
Under GST, which is likely to take effect from April 1, consumers may end up spending more as service tax burden would go up. While there is no indication of what the GST rate will be, experts put it between 18 and 22 per cent.
