Thanks @KS16
Assuming payout of rs 23 in fy 24 that means 19.55 will be post tax vs the expected 22. At current price that would still give an approx 6 percent return post tax(vs nearly 7). Considering i am bullish about the payout increasing post FY25 it would still beat FDs but its a kick in the gut. Atleast this whole tax things is now clarified. May just hold on for a couple years and accept it as an fd and take the hit when it comes to zero/-ve capital appreciation since i only recently added more and dont want to take an actual loss since i would probably just transfer the cash to FDs only if i were to remove (since its part of my so called debt side lol) it AND take a loss too which doesnt make sense even if it gets painful to hold for the next few years.
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