What Does Budget 2024 Mean For Mutual Fund Investors? I The Mutual Fund Show

In a recent discussion on the Mutual Fund Show, Ashish Somaya from WTO Capital explained the changes in tax definitions and how they now classify funds with more than 5% debt as specified mutual funds, affecting gold and international funds. He also noted that while Arbitrage funds remain relatively attractive despite increased taxes, multi-asset funds with reduced long-term holding periods could gain more interest.

#unionbudget2024 #mutualfunds #taxation

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