Finance Bill 2023 Amendment: Debt MFs Set To Lose Indexation Advantage | Experts Discuss

An amendment made to the Finance Bill, 2023, passed in the Lok Sabha Friday, has sought to bring debt mutual funds on a par with deposit instruments offered by banks as far as tax is concerned.Prior to Friday’s amendment, if a debt fund’s instrument was held for more than three years, the investor would be liable to pay long-term capital gain (LTCG) tax on the profits at a rate of 20 per cent with indexation benefit.In this segment of MF Corner, Mohit Gang, CEO & Co-Founder, Moneyfront and Kirtan Shah, Founder & CEO, Credence Wealth Advisors, share their insights. Listen in.#financebill2023 #debtmutualfunds #mutualfunds #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday About CNBC-TV18: