SEBI's LTCG tax scrapping proposal positive for markets: HDFC Securities CEO

HDFC Securities MD & CEO Dhiraj Relli said SEBI's proposal to scrap the 12.5% LTCG tax on foreign funds is a positive step for Indian markets. He noted foreign investors have withdrawn ₹3.07 lakh crore from Indian equities in 2026, and removing the tax could arrest FPI outflows and improve India's attractiveness as an investment destination.