UTI Mutual Fund has announced the launch of UTI- Fixed Term Income Fund– Series X– I (252 Days). The New Fund Offer (NFO) period will be open for subscription from July 6, 2011 to July 11, 2011. The tenure of the scheme will be 252 days.
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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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