UTI Mutual Fund has announced the launch of UTI Fixed Term Income Series XIII-I (368 Days). The initial subscription offer opens on December 7, 2012 and closes on December 12, 2012.
The scheme shall mature on December 16, 2013.
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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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