Friday, August 07
The mutual fund industry has outlined its wishlist for Union Budget 2026, seeking earlier tax rates on capital gains, restoration of long-term indexation benefits for debt mutual funds, and permission for mutual funds to launch pension-oriented MF schemes (MFLRS) with tax treatment aligned to the NPS.Sandeep Bagla, CEO of TRUST Mutual Fund, said that he expects stability in taxes, especially around capital gains and pass-through taxation, to help investors plan investment diversification. He added that there could be a reintroduction of tax benefits for fixed income funds, with the caveat of segregation of benefits between actively and passively managed funds.Also Read | Railway-focused mutual funds lose up to 8% since last Budget. Is 2026 time to stay invested or exit?Nimesh Chandan, Chie
For over three decades, India’s economic strategy has been anchored in attracting capital — foreign and domestic — to fund growth, build infrastructure and deepen financial markets. That effort is far from complete. As India seeks to sustain high growth, finance its energy transition, expand manufacturing capacity and compete for global supply chains, foreign capital will remain indispensable.At the same time, the effectiveness of capital inflows increasingly depends on how efficiently capital moves within the system once it arrives. Markets may be deeper and savings pools larger, but frictions in corporate restructuring, bank balance sheets, household asset allocation and investor taxation continue to slow capital circulation and dilute impact. The forthcoming Union Budget, therefor
The head of Indonesia Stock Exchange resigned on Friday after index provider MSCI flagged a possible downgrade to "frontier" market status, triggering a more than $80 billion market rout. The benchmark Jakarta Composite Index was trading flat a day after authorities announced measures to address MSCI's concerns and ease investor worries. It dropped more than 8% on Wednesday and Thursday, its steepest two-day fall since April. The rupiah was last at 16,800 to the U.S. dollar having set a record low of 16,985 last week. Iman Rachman announced his resignation as CEO on television, saying he was taking responsibility for the situation. "I hope this is the best decision for the capital market. May my resignation lead to improvements in our capital market," he said. "Hopefully, th
The Securities and Exchange Board of India (SEBI) on Friday said it has done away with the requirement of issuing a Letter of Confirmation for credit of securities and will allow direct credit of securities to investors’ demat accounts.In a circular issued on January 30, Sebi said the move is aimed at simplifying and streamlining the process of credit of securities arising from investor service requests such as issuance of duplicate share certificates, transmission, transposition, claims from unclaimed suspense accounts and corporate actions.At present, listed companies and registrars and transfer agents issue a Letter of Confirmation to investors, which is then submitted to the depository participant for credit of securities. Sebi said this process typically takes around 150 days.Under
