Rs 40,000 Crore Boost: Deepak Shenoy Highlights Success Of G-Sec Tax Relief For FIIs
The Centre's move to grant tax relief to foreign instututional investors (FIIs) earning income from government securities has been an instant success, with market veteran Deepak Shenoy pointing to additional inflows of about Rs 40,000 crore within days of the decision being taken. The G-Sec tax relief for FIIs was announced on June 5. Shenoy, who heads Capitalmind Mutual Fund, said overseas invesotors raise their holdings in government bonds sharply by June 15. The G-Sec holding of FIIs stood at Rs 3,23,802 crore as of June 1, and increased to Rs 3,63,760 crore in the next fortnight, he pointed out. "40,000 cr has now come into GSecs from FPIs after we have removed tax on capital gains and interest for them earlier this month (sic)," Shenoy posted on X. 40,000 cr has now come into GSecs from FPIs after we have removed tax on capital gains and interest for them earlier this month: pic.twitter.com/1dUlTBbsyZ — Deepak Shenoy (@deepakshenoy) June 26, 2026 Notably,...
