HNIs go for year-end portfolio churn for tax gains

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

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