tax changes

Should PMS investors switch to focused funds after new tax changes?

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Should PMS investors switch to focused funds after new tax changes?

Portfolio management services (PMS) are navigating new challenges after the Union Budget for 2024-25 increased tax on long-term capital gains (LTCG) and short-term capital gains (STCG). As stocks are held in the investor’s demat account in PMS, every buy and sell decision of the PMS manager has a tax impact for the investor, unlike a … Read more

Budget and taxes: A balancing act between short-term challenges and long-term growth

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Budget and taxes: A balancing act between short-term challenges and long-term growth

The Union budget for 2024-25 has proposed several changes in the capital gains tax structure, some of which are surprising moves that the mutual fund industry and the wider market community were not prepared for. One of the most significant was the hike in long-term capital gains tax from 10% to 12.5%. The budget’s proposal … Read more