UTI Money Market Fund has declared a weekly dividend of 0.10 per cent or (Re.0.01 per unit on a face value of Rs.10). The investors existing in the books of the Dividend Plan on the close of business of August 30, 2003, are eligible for the dividend.
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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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