DSIJ Mindshare

Market regulator SEBI (Securities and Exchange Board of India) has tightened norms for the disclosure of the performance track record of the merged schemes. The move aims to standardize the performance disclosure of the schemes.

In the Union Budget 2018, Government of India reintroduced the Long term capital gain (LTCG) tax on the equity investments. From April 1, 2018, investors need to pay 10 per cent of LTCG on transfer of equity mutual funds having exposure of 65 per cent or more in equity or equity-related instruments.

Market regulator SEBI (Securities and Exchange Board of India) has directed fund houses to re-categories the universe of their offerings in distinct and new categories specified by the SEBI. Under debt funds category, there are 16 sub categories under which the fund houses need to realign their existing schemes

In the last one-month debt-income funds have seen exceptional returns which has tempted the investors to opt for them. In the last one month some of the income funds have offered more than 50 per cent of annualised returns.

Indian mutual fund industry is quite expansive with a huge basket of schemes for investment. Previously, the fund houses used to have multiple schemes under the same category with different attractive names.