SBI Mutual Fund has announced the launch of new fund offer of SBI Debt Fund Series - 366 Days -11. The scheme shall remain open for subscription from August 6, 2012 to August 8, 2012.
The minimum investment amount will be Rs.5,000 and in multiples of Re.1 thereafter. The scheme shall have growth as well as dividend options.
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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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