FETCO: FETCO floats New fundsÂ

FETCO has proposed to set up replacement funds for LTFs whose tax privileges will end next year. Based on its proposal, personal income tax deduction will be set at a maximum of 20 per cent of investment, but not exceeding Bt100,000 and not more than the tax amount to be paid. Fund holders must hold on to the units for a minimum of 10 years.