Key Points
Debt Mutual Funds continue to make headlines following the government's decision to tax them as short-term capital gains, stripping investors of the long-term tax benefits and bringing them on a par with the fixed deposits..
The current net asset value (NAV) of the Bank of India Credit Risk Fund - Direct Plan as of March 24, 2023, was Rs 10.83 for the growth option of its Direct plan..
The expense ratio of the fund is 1.54% for Direct plan as on February 28, 2023..
The expense ratio of the fund is 0.86% for Direct plan as on February 28, 2023.The minimum investment required is Rs 1,000 and minimum additional investment is Rs 1,000..
From April 1, investments in debt mutual funds will be taxed as short-term capital gains..
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