Neutral impactCorporate Action
Prashant Jain On LTCG: Veteran Fund Manager says current tax structure is 'equitable'
CNBC-TV18 1 hr ago·4 Nov 2026, 7:10 am
Veteran fund manager Prashant Jain has defended the current tax structure on long-term capital gains (LTCG), calling it 'equitable.' This stance comes as the government continues to evaluate tax rates on equity investments held for more than one year. Jain argues that the current framework is fair and does not discourage long-term wealth creation.
This perspective is significant for investors as it suggests that India's equity market growth will be driven by domestic economic fundamentals rather than foreign capital flows. Jain believes the country has matured beyond its reliance on overseas money, which could lead to a more stable market environment for retail investors in the long run.
Investors should watch for any official announcements from the finance ministry regarding future tax reforms. While Jain's view supports the status quo, regulatory changes could impact the attractiveness of the market. Staying informed about policy shifts will be crucial for making sound investment decisions.
Excerpt from CNBC-TV18
Published On Nov 4, 2026 | 12:40 IST Last Updated On Nov 4, 2026 | 12:40 IST Indian equity markets are positioned to deliver a compound annual growth rate of 12% to 15% over the next three to five years, driven by economic growth and corporate profits rather than foreign capital, according to Jain, who added that…Read the original at CNBC-TV18
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