Notify mutual funds for capital gains tax exemption: Vikaas M. Sachdeva, CEO, Edelweiss Asset Management

The government needs to allocate more funds for the development of physical infrastructure and social welfare schemes in the upcoming budget.

Feb 25, 2016 12:02 IST India Infoline News Service

M. Sachdeva, CEO, Edelweiss Asset Management said that under Sec 54EC, an investor can claim capital gains tax exemption by investing in bonds from the NHAI and REC. Adding mutual funds to the notified list of securities will not only widen the options for investors, but ensure sizeable inflows for the mutual fund industry.

The government needs to allocate more funds for the development of physical infrastructure and social welfare schemes in the upcoming budget. Government's investment plans need to focus on reviving India's growth story and delivery.

The government should allocate higher wallet share towards social infrastructure, including education, health and sanitation, skill development, and other social welfare schemes.

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