The government in the budget proposed a revamp of the capital gains structure for financial securities. It rationalised long-term and short-term capital gain tax rates and tenures for shares — listed and unlisted — and other products.
I keep neutral to positive bias on the market and a lot of sectors are doing well. So, although index may be illusionary or it
US equity funds are undergoing reversion to the mean. Europe and Japan equity funds are attracting more inflows while the interest in emerging markets persists.
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