Budget 2018: Amfi wants debt-linked savings scheme included in Section 80C

A look at the mutual fund industry's budget expectations from finance minister Arun Jaitley in Union Budget 2018

The Association of Mutual Funds in India (Amfi) recently forwarded its Budget 2018 wishlist to the finance ministry. The list of the mutual fund industry’s Budget 2018 expectations from Finance Minister Arun Jaitley includes the following proposals:

Include debt scheme under Sec 80 C

Amfi has proposed that debt-linked savings schemes be brought under Section 80 C of the Income-Tax Act, according to a report by Moneycontrol.com. "We have proposed debt-linked savings scheme (DLSS) to be included under the Sec 80 C limit," a mutual fund source who is also in the Amfi committee told Moneycontrol.

Currently, only equity-linked savings