Mutual funds did not get many goodies from the finance minister Arun Jaitley's budgets in the last three years. Apart from a nasty blow of increasing the holding period of debt funds to three years from one year to qualify the long-term capital gains tax, the finance minister has ignored the industry during the last three years.
However, that is not why the mutual fund industry is expecting precious little from the budget 2018. Most mutual fund honchos say the government's priorities are different this time, and it may not have time to devote to the industry.
