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If substantial past losses relate to now-disallowed deductions, switching to the new regime may forfeit their set-off. In such cases, one can still opt out of the new regime by filing Form 10-IEA on or before the due dat...

Parekh says he has focused on hybrid funds -- which invest in a comination of low correlated assets -- since market valuations have been expensive with high levels of uncertainty.

A study of global wealth transfers reveals a sobering statistic: 70% of family wealth is lost by the second generation and a staggering 90% by the third.