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Pre-budget quote by Rajat Jain, CIO, Principal Mutual Fund

“The Government should look at reviving consumption to help accelerate growth. The benefits available under Section 80 C can be potentially revised upwards as the Rs. 200,000 limit has remained static for a long time now. This would bring it in line with the increase in income over the years. Changes to the Long Term Capital Gains tax could help improve sentiment in the equity markets.

Spending on Infrastructure is the key to reviving growth. This should be driven by both – public and private investments. The markets understand that revenue growth was been below expectations and would not take it too amiss if the Government breaches the fiscal deficit targets so long as the increased expenditure is productive and goes to building infrastructure.”

The views expressed and information herein are independent views of the Fund Manager and for informative purpose only and under no circumstances should be construed as an opinion or Investment advice. The information contained herein is not intended to be an offer to seek solicitation for purchase or sale of any financial product or instrument. Investors are requested to consult their investment advisor and arrive at an informed investment decision before making any investments. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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