Money Guru: Debt Mutual Funds To Be Taxed As Per Slab From 1st April 2023! Know Its Impact & Strategy
Zee Business Video Team | Updated: March 25, 2023 14:57 pm
The central government has made changes in the taxation of debt mutual funds today. Now the biggest question is, which Mutual Fund Schemes will it impact? However, only those debt mutual funds will lose this benefit where equity investments in such mutual funds do not exceed 35%, and the investor has to pay tax at his slab rate. What does it mean for Debt Mutual Fund? Is Debt Fund still better than FD? The new rules will be applicable from 1 April. Today on Money Guru, know what should be your strategy in Debt Mutual Fund before and after April 1?