News From Press Mutual funds may knock on Sebi door for hybrid fund tax stimulus

Mutual funds may knock on Sebi door for hybrid fund tax stimulus

Source: BS May 10, 2023

The mutual fund (MF) industry may make a representation to the Securities and Exchange Board of India (Sebi) to increase the equity investment limit in conservative hybrid funds from 25 per cent to 35 per cent, according to two people aware of the development.

If the proposal goes through, conservative hybrid funds will regain the tax advantages they lost due to changes in debt fund taxation in Union Budget 2023-24.

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