Managing wealth: What changes for your investments in FY24

The financial year 2023-24 comes with several regulatory changes affecting equity markets, mutual funds, and other schemes. The government has increased Securities Transaction Tax by 25% on futures and options contracts, which means an increase in STT on options and futures contracts. Income from debt mutual funds will now be classified as a short-term capital gain, which restricts LTCG benefits for investments beyond March 31, 2023.

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