DDT Dampener for Funds
The Divided Distribution Tax has risen for liquid and money market funds. Banks will benefit because their deposits will not be relatively as unattractive as they are now compared to such funds
A Really Hot IPO
India's newest AMC, ABN AMRO, has collected over Rs 2,000 crore, the largest ever by an AMC in India. But the challenge for ABN AMRO fund management and research team begins now.