The step is seen as a bid to realign the interests of executives in the mutual fund industry with that of MF investors.
Of the six martyrs, two belonged to the Delhi Police, three were from Indian Air Force and one was posted with Civil Defence.
Firms that understand the motivation and aspirations of employees and be generous in retaining talent are likely to have a competitive edge in market.
If an employee has been retrenched by the employer and in lieu of that he is paid retrenchment compensation, it shall also be exempt up to Rs. 5,00,00