Investors have withdrawn more than Rs 50,000 crore from mutual funds in March 2018. Most of the money has been withdrawn from the liquid and debt funds. This information has emerged from Amphi released data. Accordingly, the lowest investment in equity funds in 20 months has come in March this time. This investment has been Rs. 2954 crores. Knowledgeable people are also reporting the impact of the 10 percent Long Term Capital Gain Tax (LTCG) brought on behalf of the Modi government in the budget. more info visit here Free Stock Trading Tips.
On March 18, equity funds have been invested in an amount of Rs 2,954 crore. This investment has the lowest investment in the last 20 months of any month. Earlier, in July 2016, investment of Rs 2221 crore came in. It is the opinion of the experts that this lack of investment in equity funds is the new rules of tax applied in the budget. Under this, 10 percent long-term capital gain tax (LTCG) has been imposed. If any investor now has the advantage of LTCG more than Rs 1 lakh, then he has to pay this tax. According to the Investment Solution expert, besides the new tax rules, the poor performance of the stock market is also one of the reasons.
It happens in March every year
According to the Bajaj Capital mutual fund expert, it happens in March every year. According to him, most of the corporate investments in debt are those who make money in March. They do this because of corporate financial closure. This trend is seen every year in March. According to them, however, this investment comes back in the later months.
