The shocker was too much for the investors, leading to a short-term fall in the market. The finance minister tried to tame the anger by keeping a grand-father clause applicable till 31st Jan 2018. Now the point is what is this grand-fathering clause and how is it going to make any difference to the investors?
Step by step guide to buy ULIPs
The Grandfather clause is applicable to domestic investors for equity and mutual funds investments on LTCG.
grand-father-clause-in-equity-LTCG, Long term capital gain