Why HNIs may ditch market-linked debentures6 min read . Updated: 09 Feb 2023, 09:04 PM IST
Post-tax yields of MLDs set to shrink; alternatives like commercial real estate, venture debt may find favour
Union budget 2023 has taken away the taxation arbitrage hitherto enjoyed by market-linked debentures (MLDs). So far, MLDs attracted just 10% tax if held for more than 12 months and so had become a firm favourite among high net-worth investors (HNIs).
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