Income Plus Arbitrage Fund-of-Funds are gaining traction among wealthy investors and family offices due to their tax-efficient structure. With assets surging to ₹19,919 crore, these funds allocate just under 65% to fixed income and the rest to equity arbitrage. The appeal lies in long-term capital gains being taxed at a favorable 12.5% rate.
ICICI Bank adds most credit cards in April amid rising competition
Axis Bank added 63,446 cards in April, less than half its February tally. Kotak Mahindra Bank remained steady at 33,038 additions. “We are focused on