Reliance MF has notified a change in exit load for two of its schemes:
Reliance FHF X Series 4: Exit load of 0.30% if redeemed within 35 days.
Reliance FHF X Series 15: Exit load of 0.30% if redeemed within 89 days.
The change is effective from October 10, 2008.
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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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