What does the tax do with stock exchange funds?

According to Tejaratnews, tax investment funds are to be introduced on bank deposits next year. This issue can affect the banking system and Exchange Affect.

Experts say that if the tax is passed in the form of law, the liquidity of real estate will go off the stock exchange and go to bank deposits.

Legal entities, on the other hand, take their liquidity out of banks and into fixed income funds.

Under the new law, banks do not benefit from individuals. But bank deposits of funds and legal entities are subject to tax, which reduces the profit of the funds to a maximum of 16 percent.

Published statistics also show that 30% of the investors in the funds are individuals and the remaining 70% are legal entities.

Taxes on legal deposits allow these individuals to withdraw their liquidity from banks and into fixed income funds. Real people take their capital to the banks.

Accordingly, experts believe that about 100,000 billion tomans of liquidity will be withdrawn from fixed income funds. This outflow of 100,000 billion tomans will cause 30,000 billion tomans of shares to be sold by investment companies and investment funds.

Is liquidity going out of stock?

“According to the 1401 budget law, deposits of legal entities will be taxed, but fixed income funds will probably be exempt from this tax,” Amir Nadiri, a capital expert, told Tejaratnews. This will transfer some of the 900 trillion deposits of legal entities in the banks to fixed income funds, which will cause heavy money to enter these funds. This can also lead to heavy stock sales.

He points out that the resources that go into fixed income funds should be invested in three parts: at least 40% of these resources should be allocated to the purchase of securities; This causes the demand for bonds to rise and interest rates to fall, which has an indirect positive effect on the capital market.

Nadiri concludes: “On the other hand, at least 15% of the resources invested in funds should be invested in stocks, which naturally causes the demand for stocks to rise and lead to a rise in stock prices.” The remaining funds raised by the funds can also be deposited in banks.