How Budget affects various investment vehicles

Jul 15 2014, 08:09 IST
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SummaryThe Budget proposals will boost household savings and divert them to financial assets, especially in small-saving schemes like PPF.

The Budget proposals will boost household savings and divert them to financial assets, especially in small-saving schemes like PPF. However, the change in the definition of long-term capital gains tax for short-term debt funds and fixed-maturity plans and the hike in tax rates will make investment in MFs less attractive than bank deposits. A ready reckoner on the new tax rates:

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