Why Franklin India Ultra Short Bond Fund fell more than 4% on 16th Jan 2020?

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@Bhuvan

growth schemes have TDS.

can you explain this better, I mean with regards to ultra short mutual fund growth ?

I searched this forum and didnt understand below line

@Bhuvan

The screenshot says 6% odd but why are my actual returns around 3.5%?
Good question. The returns in Liquid ETFs are in the form of dividends they are subject to a Dividend Distribution Tax. Before Budget 2020, a flat DDT of 28.84% was applicable. Post the budget, dividends are now taxable in the hands of the investors at their income tax slab rate. Plus a TDS of 10% will be applicable on mutual fund/ETF dividends once the dividends cross Rs 5000.

So, the returns of Liqudibees will now be similar to Overnight mutual funds or the RBI repo rate and you’ll have to pay DDT on the units you receive as dividends as per your income tax slab.

Is TDS going to be collected even for overnight mutual funds growth ?? will it show in 26AS? will show it in AIS??