UTI Mutual Fund has decided to launch UTI Dual Advantage Fixed Term Fund - Series II-I (1998 Days). The scheme will open for subscription from August 14, 2015 to August 28, 2015.
The fund house has also decided to launch UTI Fixed Term Income Fund - Series XXII-XV (1098 Days). The scheme will open for subscription from August 13, 2015 to August 27, 2015.
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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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