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Wealthy PF investors may opt for debt funds as Budget changes tax rule

Budget proposes that interest on the PF contributions (employee contribution) above Rs 2.5 lakh per annum be taxable with from April 1, 2021

Topics
Provident Fund | Debt MFs | Budget 2021

Ashley Coutinho  |  Mumbai 



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Experts believe that with interest rates unlikely to soften further from here on, the possibility of debt funds fetching higher than 7 per cent returns in the near term looks difficult.

Wealthy investors who park their spare money in voluntary (VPF) accounts may consider moving to debt mutual funds after the Union Budget’s new proposals.

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First Published: Thu, February 18 2021. 18:13 IST

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