Dear Finance Minister,

I write with urgent concern regarding the retrospective removal of inflation indexation benefits from Mutual Funds. As someone who guided many senior citizens and middle class savers to invest their retirement savings in these funds, I witness the damage this change has caused to their savings projections.

This decision particularly hurts retirees who depend on debt mutual funds for sustenance, earning modest returns of 7-8%. While real estate investments enjoy grandfathering privileges, mutual fund investors face unexpected tax burdens on decisions made under different rules. This discriminatory treatment undermines the trust of law-abiding middle-class citizens who chose mutual funds as their path to financial security.

The retrospective nature of this change not only destabilizes the investment landscape but also contradicts the principles of fair governance and the vision of Viksit Bharat. How can we build a developed nation while creating financial uncertainty for our citizens?

We urgently request you to extend grandfathering provisions to mutual funds, matching the consideration given to real estate investments after the changes introduced in budget 2024. This would restore faith in our financial system and protect the interests of millions of honest taxpayers.

Your immediate attention to this matter in budget 2025 would demonstrate the government's commitment to fair and stable economic policies.

AMFI urges to restore indexation benefits for debt mutual funds after real estate breather