Debt Mutual Funds Lose Indexation Benefit : Assessing Its Impact On Mutual Fund Industry | CNBC-TV18

Amendment to Finance Bill 2023 has scrapped the indexation benefit for gains from debt mutual funds and they will be taxed at investor’s slab rates. The suddenness of this rule change, which was passed as an amendment to the Finance Bill, has come as a surprise to many investors and financial experts. This move is expected to hurt the mutual fund industry, the corporate bond market, and investors who will be forced to pay higher taxes on their investments.In an exclusive conversation with CNBC-TV18, Rahul Jain, President & Head at Nuvama Wealth and Nishant Agarwal, Senior Managing Partner & Head-Investment Advisory at ASK Private Wealth, assess its impact on Mutual Fund industry. Listen in.#financebill2023 #debtmutualfunds #mutualfunds #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday About CNBC-TV18: