MFs hardsell debt funds as tax benefits end on March 31

Mutual fund firms are wooing retail investors who seek to avail of long-term tax benefits in debt funds in the last few days of the fiscal ending March 31, report Aseem Gujar & Partha Sinha. Last week, the government withdrew indexation benefits for investors in MF schemes that hold less than 35% domestic equity in their portfolio. The new norms will apply from April 1.

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