Arbitrage Funds Can See Up To 20-30-Basis-Point Reduction In Returns, Say Mutual Fund Experts
Arbitrage mutual funds could see a moderation in returns of around 20–30 basis points following the proposed increase in the securities transaction tax announced in the Union Budget, according to mutual fund experts. However, investment advisers say the impact is unlikely to dent the attractiveness of the category, especially from a post-tax perspective. Arbitrage funds,…
