L&T Mutual Fund has announced dividend under the dividend option of L&T FMP II (January 15M A). The quantum of dividend will be 100% of the distributable surplus as on the record date.
The record date has been fixed as May 2, 2012. This scheme will mature on the same day.
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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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