Opinion | The case for investing in market-linked debentures that are fast evolving
Issuers with better profiles have entered the market and their taxation is efficient
Market-linked-debentures (MLDs) have been around for some time and have been accepted in the “wealth" market. They merit another discussion at this juncture due to two reasons (a) post Union budget, taxation of dividends from equity shares is a little adverse and preference shares have been impacted significantly from the taxation perspective, which may prod you to look at other products and (b) the profiles of issuers of MLDs have changed for the better. But let’s first recap what the product is.