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AMFI Puts 13 Proposals From Mutual Fund Industry For Union Budget 2025
The Statesman
|January 07, 2025
The Association of Mutual Funds (AMFI) has released a document with 13 proposals from the Mutual Fund Industry to the Finance Ministry for the upcoming Union Budget 2025.
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"We anticipate a Union Budget that prioritizes investor confidence and deepens participation in mutual funds by addressing key tax-related concerns. We look forward to a progressive budget that reinforces mutual funds as a pillar of economic development and investor wealth creation," Venkat Chalasani, Chief Executive, AMFI said.
The key suggestions given by the AMFI include reinstating indexation benefits for long-term capital gains on debt mutual funds withdrawn in Budget 2024.
It also seeks rollback of the increased tax rates on short-term and long-term capital gains to their previous levels of 15 percent and 10 percent, respectively.
This story is from the January 07, 2025 edition of The Statesman.
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