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News From Press Mutual fund industry seeks level playing field after tax imposition

Mutual fund industry seeks level playing field after tax imposition

Source: ET Feb 14, 2018

The mutual fund (MF) industry has sought level playing field vis-a-vis the unit linked insurance plans (ULIP) after the imposition of the dividend distribution tax (DDT) and long-term capital gains tax (LTCG) in the budget, a top official of the industry body AMFI said. 

Association of Mutual Funds in India (AMFI) has already sent representations to the finance ministry and capital market regulator SEBI in the regard, the official said. 

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