Target Maturity Debt Index Schemes: Best Choice in High Interest Rate Season? moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
Synopsis
Govt slashed basic corporate tax rate to 22% from 30% while for new manufacturing companies it has been cut down to 15% from 25%.
Managing Director & CEO, International Money Matters Pvt. Ltd, Contributor Content
Solution: Promote long term investing - have tax parity between mutual funds and insurance products. Benefits for investing in retirement products at an early stage to be introduced.
Budget season is a time for looking back at what we got, what we didn t and also for looking ahead with expectations. Here is a lowdown on what the common investor the debt/equity investor, the saver, the homebuyer has gotten so far from Modi.
WHAT IS BHARAT BOND ETF Bharat Bond ETF In a move aimed at strengthening the corporate bond market and reducing the cost of borrowing, the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved the creation of Bharat Bond Exchange Traded Fund (ETF) on December 4, 2019. This will be India s first corporate bond issued by state-run companies to be traded on bourses. A basket of bonds issued by public-sector companies or any government organisation, Bharat Bond ETF will be tradable on the stock exchange. Announcing the development, Finance Minister Nirmala Sitharaman said the unit size of these bonds, of Rs 1,000, will allow small investors to put their money with a fixed maturity date. As of now, the bond will have two maturity series three years and 10 years, with each series having a separate index of the same maturity series.