Published on 1/02/2017 3:02:52 PM | Source: Quantum AMC

The focus of this budget is on the rural and agriculture sector by Mr. Atul Kumar - Quantum AMC

Posted in Expert Views | #Mutual Fund #Expert Views #Atul Kumar #Quantum Mutual Fund #Union Budget


Below is the quote on the Union Budget by Mr. Atul Kumar, Head-Equity, Quantum AMC

“The focus of this budget is on the rural and agriculture sector. Affordable housing has also been given a boost. There were some expectations of tax cuts or some announcements simplifying the tax structure, but looks like we will have to wait for that to come. There were some changes, however - tax for small businesses was reduced to 25% from 30% and some relief to people from the lower income bracket. 

Few steps were announced on generation and control of black money. Clean up of political funding is also a good initiative in the budget. These, and the focus on rural India are positive points  from  the long term perspective, if done in right earnest and implemented properly. 

Overall, budget looks like a continuation of past budget of current NDA regime. There was nothing quite transformational not populist, which was a fear given the upcoming state elections.

 

The views expressed here in this article are for general information and reading purpose only and do not constitute any guidelines and recommendations on any course of action to be followed by the reader. The views are not meant to serve as a professional guide / investment advice / intended to be an offer or solicitation for the purchase or sale of any financial product or instrument or mutual fund units for the reader. The article has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst no action has been solicited based upon the information provided herein, due care has been taken to ensure that the facts are accurate and views given are fair and reasonable as on date. Readers of this article should rely on information/data arising out of their own investigations and advised to seek independent professional advice and arrive at an informed decision before making any investments.

Mutual fund investments are subject to market risks read all scheme related documents carefully.

 

Above views are of the author and not of the website kindly read disclaimer