UTI Mutual Fund has decided to roll over UTI Fixed Term Income-Series XVI-I (366 days) by 739 days. Now the scheme shall mature on August 29, 2016.
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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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A per-person limit on the fund route would steady the rupee better than freezing the whole industry
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Your fund lost money. That doesn't make it a bad fund.
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The right question
After 24 years, readers' worries have changed, but the real challenge is still knowing which questions to ask
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