2 min read.Updated: 10 Mar 2022, 01:02 AM ISTSunil Gidwani
The loss in case of category I and II AIFs, can be set off against other gains
Listen to this article
Alternative Investment Fund (AIF) and portfolio management service (PMS) are two popular vehicles for investing in the stock markets. Yet, mutual funds (MFs) are perhaps the best product and least controversial from a tax compliance perspective as well as for ease of monitoring income flows such as dividends and interest receipts. Over the last two decades, the number of issues, ambiguities, and controversies faced by MFs as a structure and by investors are negligible, as compared to PMS and AIF products.