Finance Minister Uttama Savanayana has told the Fiscal Policy Office to study a proposal from an investment grouping that a sustainable equity fund (SEF) be set up to replace the long-term fund (LTF).

The Finance Ministry on Thursday accepted a proposal from an industry grouping that that will see the long-term fund (LTF) emerge with a new name as the sustainable equity fund (SEF) offering increased tax-reduction benefits for green investments.