SBI Mutual Fund has launched SBI Debt Fund Series - 367 Days - 16. The NFO will be open for subscription from February 10, 2012 to February 13, 2012.
The minimum investment amount would be Rs.5000 and in multiples of Rs.10 thereafter. The scheme would have growth as well as dividend option. It will be listed on Bombay Stock Exchange.
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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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