The Random Change in Tax Rules Could Have a Ripple Effect

In 2019 the government launched something called the Bharat Bond Fund. It would only contain bonds issued by government back companies like NHAI and Power Finance Corporation of PFC. Now it won't have that tax benefit anymore. And when the government tries to launch more such Bharat Bond funds, they may find that the takers have dried up. But it's not all game over. Maybe the mutual fund industry will band together and lobby hard to scrap this rule. We don't know.