Finance Minister Nirmala Sitharaman announced effective tax adjustments from July 23, 2024: short-term gains at 20%, long-term at 12.5%. Impacted assets include mutual funds and FoFs. TDS on mutual fund repurchase removed, affecting stocks like HDFC, Nippon, and UTI AMC. New guidance suggests Barbell Strategy, buy-on-dip market. Adjusted holding periods for specified mutual funds and global bond inclusion.
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