 "ULIP, investment, tax saving")
The Rs 30-trillion mutual fund industry is anticipating a boost in investor flows due to change in tax treatment on unit linked insurance plans (Ulip), a product rivalling equity schemes, but offered by the insurance industry.
In January, equity MFs logged their seven straight month of outflows totalling over Rs 42,000 crore.
Starting this month, new Ulip policies with an annual premium of more than Rs 250,000 are proposed to be taxed on the same basis as applicable to capital gains realised on transfer of equity-oriented mutual fund units.
