Budget 2025: Mutual funds have a long wish list; old tax rates on capital gains, indexation benefits on debt schemes

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Another ask is regarding Fund of Funds (FoFs) that invest at least 90 percent in equity-oriented funds under the equity-oriented category. The current definitions, according to AMFI, exclude many equity-invested FoFs, leading to higher taxation compared to direct equity or equity-oriented funds. The above change will bring tax parity, say experts.

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