In a major blow, a proposal to remove long-term tax benefits on debt mutual fund investments was passed in the Parliament as part of amendments to the Finance Bill. This applies to the investments made on or after April 1, 2023. The indexation advantage of debt MFs will be lost. Investments in bonds, gold, and international funds have an indexation advantage. Gains on debt funds, gold funds, and international funds held for more than 3 years are currently taxed at 20% with indexation. Watch Latha Venkatesh and Nandita Khemka discuss the Debt MF Amendment Proposal and its implications.
first published: Mar 24, 2023 02:38 pm
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