HDFC AMC, UTI AMC: AMC stocks may fall up to 15% on debt fund tax blow

Selective AMC stocks like Nippon Life India Asset Management and Aditya Birla Sun Life Amc could slip up to 15 per cent, show technical charts

Avdhut Bagkar Mumbai
mutual funds
Web Exclusive Premium

Debt fund tax

Shares of Asset Management Company slipped to fresh 52-week lows on Friday, after the Government of India proposed investment in mutual fund; below 35 per cent in equities, shall be considered as short-term capital gains. Also, debt funds invested for a period of over three years will be eligible for long-term capital gains tax (LTCG) and their gains will be taxed at 20 per cent with indexation benefits.
HDFC Asset Management Company shares tumbled 4.35 per cent, Aditya Birla Sun Life Amc and UTI Asset Management Company fell over 2 per cent, while Nippon Life India Asset Management lost 1 per cent in the opening trades on Friday. 
Here’s the technical outlook for assets management stocks post government prosing debt fund taxation :-

Also Read

Repo Rate Hike: Banking stocks may see sell-off if index stays under 42K

How to trade Zee Entertainment as NCLT places it under insolvency process

Britannia, ITC, Radico: These FMCG stocks may act as hedge in current fall

Can Bira 91 deal trigger gains for alcohol stocks? Here's what charts say

Nifty Pharma index surpasses 200-DMA; Cipla, Granules can soar up to 15%

Sundaram-Clayton trades ex-date for scheme of arrangement; stock slumps 19%

Discount brokers take giant strides; now account for 57% of active clients

Godrej Properties, Amber Enterprises hit 52-week lows; LIC at life-time low

India to outperform Asian, EM peers; high valuation a challenge: Chris Wood

Campus Activewear slips 7% after over 9% equity changes hand on NSE


  • 1D
  • 5D
  • 1M
  • 3M
  • 6M
  • 5Y
  • MAX

First Published: Mar 24 2023 | 12:26 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to