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Tax parity with ULIPs tops Afmi's wish list ahead of Union Budget

Amfi has reiterated its long-standing demand of bringing parity in tax treatment between MFs and unit-linked insurance plans (ULIPs), both of which are investment products and invest in securities

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Currently, ULIP investors do not have to pay capital gains tax on switching

4 min read Last Updated : Dec 25 2020 | 6:10 AM IST

Industry body Association of Mutual Funds in India (Amfi) has released a 10-point wish list ahead of the Union Budget 2021-22.

The pre-Budget proposals sent to the finance ministry aim to bring uniformity in tax treatment for investments in different financial sectors, mitigate hardship to retail taxpayers, and encourage participation in mutual funds (MFs).

Amfi has reiterated its long-standing demand of bringing parity in tax treatment between MFs and unit-linked insurance plans (ULIPs), both of which are investment products and invest in securities.

Currently, ULIP investors do not have to pay capital gains tax on switching. There is no securities

Topics : Ulips Amfi Mutual Funds Union Budget

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