In the preceding month, FPIs were net sellers in the Indian capital markets to the tune of Rs 2,985.88 crore
Globally, index funds and ETFs are popular because of the low management fees
If foreigners need reasonable taxes, why offer citizens something else? If foreign businessmen look for assurance on the rule of law, so do citizens, writes T N Ninan
This means that the effective taxation on long-term capital gains for FPIs has risen to a maximum of 14.25 per cent
The drop in ownership is partly due to FPI selling, but more importantly on account of increase in MF holding