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The Union Budget 2023 removed the tax advantage for debt mutual funds, taxing all capital gains at the investors slab rate. However, investors can still benefit from the old tax rules by keeping their old investments untouched and putting fresh money into new debt funds. Additionally, allowing grandfathered investments to compound over longer years can increase the benefit of indexation. The old tax rules also apply to gold funds, international funds, and multi-asset funds with heavy debt allocation. This strategy can help investors build a tax-efficient corpus over time.
In the first six months of calendar year, highest inflow was seen in the small cap funds followed by mid-caps while large caps saw redemptions to the tune of ₹5,697 crore. Index funds received inflows to the tune of nearly ₹4,200 crore in the past six months.