ICICI Prudential Mutual Fund has approved the declaration of dividend under the dividend option of ICICI Pru FMP – Series 47 – One Year Plan D (Retail and Institutional Plan).
The quantum of declaration will be 100 percent of distributable surplus as available under plan(s) on the record date. The record is December 8, 2009.
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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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