Recent tax changes in the Union Budget have increased capital gains tax rates, complicating the task for PMS fund managers to generate higher post-tax returns compared to mutual funds. Despite a historical trend of outperforming mutual funds, PMS schemes now require higher annual returns to stay competitive. Long-term strategies are less impacted, while short-term focused approaches suffer.
Gold, silver ease as investors book profits
Fed Governor Christopher Waller, on the short list to succeed Chair Jerome Powell next year and scheduled to be interviewed for the job by U.S.
December 18, 2025