An introduction of long-term capital gains tax on equity and equity-linked mutual fund schemes may generate a strong negative reaction in the mutual fund mart, says Dhirendra Kumar, CEO, Value Research.
He, however, says such a change in taxation norms might not alter the long-term growth trajectory for the mutual fund industry. "If the market turns very turbulent in 2018, balanced funds will be a key beneficiary," he said in an interview to ETNow.