The Nifty MidSmallcap400 Momentum Quality 100 Index tracks stocks with momentum and quality traits, aiming for balanced returns. Momentum indices consider recent price movements for stock selection, based on the idea of continued performance.
Given that the economy has done well in an otherwise inflationary environment, some changes may still be announced to provide for removing anomalies if any in existing provisions and increasing savings in the hands of the common taxpayer.
Year-ender 2023: From mid and small-cap funds burning the charts, to new mutual fund houses entering the industry, 2023 benefited the disciplined investor.
Investors who have booked profits on listing gains will be liable to pay a short-term capital gains tax of 15%, said Nirav R Karkera (Head - Research, Fisdom)