Debt MF Taxation Amendment a Surprise, Will Be Detrimental To Corporate Bond Mkt Development: Asset Managers

[BrunGa]

Debt MF Taxation Amendment a Surprise, Will Be Detrimental To Corporate Bond Mkt Development: Asset Managers Debt mutual funds are stripped of the long-term tax benefit if they invest less than 35 per cent of their assets in equities. Such mutual funds will attract short term capital gains tax.