The top 10 mutual funds have offered up to 54% return since last Christmas. There were 521 equity and equity oriented mutual funds in the said period. Here are top 10 performers (Source: ACE MF)
FCNR(B) hurdle: Singapore holds ground on withholding tax
Given the spread between interest offered on FCNR deposits and interest charged on loans, a 10% WTH on loan interest on tax grossed-up basis would