Flipping Tax-free Bonds?
Be Mindful of Capital Gains Tax
Tax-free bonds have caught the fancy of investors in the current market, as Reserve Bank of India (RBI) has been cutting the repo rate since January 2015 with a cumulative reduction to 125 basis points (bps). While the coupon rates for the recent tax-free bonds of NTPC Limited (National Thermal Power Corporation) and PFC (Power Finance Corporation Limited) were...
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