Six mutual fund houses saw decline in assets under management by over Rs 3,000 crore in January. Out of 44 fund houses, around 24 witnessed outflows (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