Arbitrage funds, popular with affluent investors, are set to see returns shrink by 25-35 basis points due to a proposed increase in securities transaction tax (STT) on equity derivative trades. The government’s budget proposal raises STT on futures sales, impacting the price anomalies these funds exploit. Despite this, their tax efficiency is expected to maintain popularity.
10 smallcaps that delivered up to 25% returns in a week when 1,000 stocks fell
Indian equity markets witnessed a volatile week as geopolitical tensions and rising crude prices triggered broad-based selling across Dalal Street. Nearly 900 smallcap stocks declined