Get latest articles and stories on Latest News at LatestLY. With the debt mutual fund schemes now under the tax ambit, the attractiveness of the product has reduced as High Net worth Individuals (HNIs) are favouring bank fixed deposits (FDs) over such funds, according to a report by Motilal Oswal Financial Services on Thursday. Latest News | HNIs Preferring FDs over Debt Mutual Funds: Report.
Investors are puzzled about whether to purchase debt mutual funds before March 31st because the indexation benefit would end starting from April 1, 2023.