Several mutual fund officials believe that the finance minister may propose to change the taxation of arbitrage mutual fund schemes in the coming budget. "We were anticipating it even during the last two budgets. But it looks very likely this year," said a CEO of a large mutual fund house. "A lot of money has flowed into these schemes because of the tax advantage. It seems, the government has taken a serious note of it," he adds.
Arbitrage schemes are treated as equity schemes fo ..
