Kotak Mahindra Mutual Fund changed the benchmark index of Kotak Multi Asset Allocation Fund with effect from November 1, 2013. The benchmark has been revised to CRISIL Short Term Bond Fund Index (75 per cent), CNX Nifty Index (15 per cent) and Price of Gold (10 per cent. The scheme was earlier benchmarked against CRISIL MIP Blended Fund Index (80 per cent) and Price of Gold (20 per cent).
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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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Informed fund ideas, better judgment. Every month. Mutual Fund Insight, every month since October 2002.
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