Many wealthy investors are churning their portfolios ahead of the March 31 financial closing in order to benefit from the tax rule that allows investors to set-off their losses. According to market circles and advisors, investors lower taxes by selling now and buying back shares later.
http://economictimes.indiatimes.com/markets/analysis/wealthy-investors-go-for-year-end-portfolio-churning-for-tax-gains/articleshow/12448658.cms
