Income-plus-arbitrage FoF schemes are drawing growing interest from fixed-income investors for their tax efficiency. These hybrid funds blend debt and arbitrage strategies, offering stability, low risk, and long-term capital gains taxed at 12.5%.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.