Budget sees hike in capital gains tax. What should mutual fund investors do?

economictimes.indiatimes.com:

Union Budget 2024-25. Here is how the fund managers and mutual fund advisors decode the Budget announcement and what mutual fund investors should do.

Venkat Chalasani, Chief Executive, AMFI

The increase in exemption limit for Long Term Capital Gains tax from Rs 1 lakh to Rs 1.25 lakhs is a welcome change. While the changes in rates for LTCG and STCG were not anticipated, the markets will take them in their stride.

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We are happy to note that AMFI’s demand of change in definition of ‘Specified Mutual Funds’ under Section 50AA has been acceded to and will lead to rationalization in taxation for the funds affected hitherto.

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Rahul Singh, CIO-Equities, Tata Asset Management

We expect the equity markets to become more balanced as the growth in cyclical sectors (defence, manufacturing, capital goods, power) that have done well over the last 12-24 months get supplemented by the potential recovery in consumption as