AMFI Proposes Tax Reforms and New Schemes Ahead of Union Budget 2026-27

Ahead of the Union Budget 2026-27, the Association of Mutual Funds in India (AMFI) has submitted 27 proposals seeking tax reforms to boost mutual fund investments. Key requests include restoring long-term capital gains indexation for debt mutual funds held over 36 months, introducing a Debt Linked Savings Scheme (DLSS), and providing a separate deduction for Equity Linked Savings Scheme (ELSS) under the new tax regime. AMFI also advocates raising the LTCG exemption limit on equity investments and removing Securities Transaction Tax on mutual fund transactions to encourage retail participation and long-term investing.