Mutual funds may gain as market-linked debentures lose tax sop: Analysts2 min read . Updated: 06 Feb 2023, 03:37 PM IST
- While traditional debt instruments have a fixed coupon rate, MLDs are structured products where returns are linked to a market-traded instrument — a hybrid nature that allowed them to enjoy a lower tax rate than regular debt products
Indian mutual funds may see an increase in inflows and non-bank lenders may move towards more traditional corporate bonds after the government removed a tax arbitrage available to so-called market-linked debentures (MLDs), analysts said.
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