Sebi backs removal of long-term capital gains tax for foreign investors
The recommendations, which come months before the annual federal budget in February, are not binding and a final call rests with the government
Sebi's recommendations follow scores of meetings held by the regulator with foreign investors over the last two years as selling persisted, putting pressure on the Indian currency (Photo: Reuters) India's benchmark Nifty 50 has declined 4.8 per cent in the last two years while the MSCI emerging market index is up 40 per cent. Returns from diversified domestic equity mutual funds -- now a common way of saving for retail investors -- have also stagnated over this period.
Average returns from funds investing in large-cap stocks are down 1.6 per cent, according to data from fund research firm Morningstar. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) Don't miss the most important news and views of the day. Get them on our Telegram channel First Published: Nov 02 2026 | 12:21 PM IST
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