Tax structure in equity investments like stocks and mutual funds should be aligned more with long term investing objective and investors investing for more than five-years should be rewarded with indexation and tax benefits. Current equity taxation structure in stocks and MF for long-term capital gain, definition needs to be expanded from 1-year to 3-years as it will help in setting the right expectation from this asset class. Current structure of 1 lakh exemption for long-term capital gains should be increased in order to motivate investors to save more.