- Wealth PMS (50L+)
We've decided to let one of our portfolios go. This is the Dividend Yield portfolio, which we did mention earlier that we would shutter soon. There's a very good reason for it: There's no point investing in stocks for dividends anymore. Let us explain.
The new tax regime taxes dividends in your hands. Which ruins the experience for you, compared to earlier, when dividends were tax free. So, even if you get 6% to 7% pre-tax, that's taxed as if it's a fixed deposit interest. Now this is not good, because you . . .