Market-Linked Debentures (MLDs) Lose Tax Advantage 📑 🔹 Earlier: ➟ MLDs were taxed as LTCG (10%) after 1 year. 🔹 Now (2025 onwards): ✅ MLDs will be taxed as Short-Term Capital Gains (STCG) at slab rates, regardless of holding period! ✅ No LTCG benefit on MLDs anymore. 📌 Impact: ➟ HNI investors using MLDs for tax efficiency will be hit hard. ➟ Direct bonds or corporate FDs might become better alternatives. 🚀 Example: Before: If you invested ₹10L in MLDs, after 1 year, LTCG tax was 10%. Now: You pay 30%+ if you’re in the highest tax slab!