JM Mutual has announced September 28, 2007 as the record date for the declaration of dividend under JM Fixed Maturity Plan - Series IV 13 Months Plan, Regular and Institutional Plan of JM Fixed Maturity Plan - Series IV 15 Months Plan II and JM Fixed Maturity Plan - Series IV 15 Months Plan I. The AMC plans to distribute entire appreciation in the NAV from June 22, 2007 till date as dividend.
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Zero tax for foreigners, a tax on inflation for Indians
SEBI wants foreign investors freed from capital gains tax. The Indian saver who stayed while they sold still pays it on gains that are partly just inflation.
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