Baroda BNP Paribas Mutual Fund has said the recent tax amendments by the government on debt mutual funds could shift investor interest temporarily towards PMS and alternative investment funds. In an interview, Prashant Pimple, chief investment officer - fixed income at the asset management company, however, said that passive funds may see muted flows. Despite this, it is believed open-ended mutual fund schemes such as short-term income fund, corporate bond or gilt funds could see flows from investors.
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