I am sure you have heard and read a lot about Budget 2011 and so I am not going to keep this very very short. Three best things which can really benefits an equity market common man are
I am sure you have heard and read a lot about Budget 2011 and so I am not going to keep this very very short. Three best things which can really benefits an equity market common man are
- One more year before New Direct Tax Code Hits Badly to Mutual Fund Investors
- Tax exemption slab raised from 1,60,000 to 1,80,000
- Infrastructure Tax saving bond investment extended for one more year
What is the best thing you liked from Budget 2011?
It is almost impossible to satisfy billions of people’s expectations with one single budget and so let us see the positive outcome.
Hi Shabbir,
Time to get into 2012 budget. I have written this article on the aspects affecting personal finance. http://insight.banyanfa.com/?p=546
What are your views of Budget 2012 ?
Regards
BFA
It is pretty much a non-event for me because it does not deal with anything that can impact an equity investor to a very large extent.
Thank you for your prompt reply.
The pleasure is all mine.
The value of your interactive website is phenomenal, and I wish to compliment you for this.
As suggested by your goodself; and also earlier in your webpage, and as per your broad guidelines; i append my choices. kindly add/delete /amend for the benefit of your readers.
HDFC TOP 200
Reliance Growth
IDFC Premier Equity- Plan A
All in the growth option.Looking forward to your comments.
Good choice but I would add one midcap fund as well. See http://shabbir.in/best-midcap-funds
True fresh inflow of funds will soon dry up in the existing ELSS funds; with their tax benefit now gone!!! Perhaps no way out for the exisiting investors other than wait for the three year lock in and than redeem!!!
In view of the recent budget and opening of the M.F. sector to foreign investors; your experienced advise on the TOP 5 INVESTIBLE M.F. for 1 to 3 years is solicited.Thanks.
I am always fan of midcap funds but I prefer you do your work using the methods I told in my ebook to find funds for you.
Tax benefits on ELSS will cease to exist, once DTC is enforced.
Does this sound the death knell od ELSS; as a means for investment and tax saving finally?
One is left with no option other than, redemption after the three year period, and thereafter avoid any further investments in ELSS funda at all.
Kindly advise on SIP for best FIVE OPEN ENDED mutual funds for 1 to 3 years investment horizon.Thanks.
It is not about remain invested or not because ELSS funds will exist but probably no new money will flow into them.
One more point which i liked most is exemption from tidius process of filing returns to the salaried class if they don;t have other sources of income. what do you say ?
Yes that is very good point but everyone has other sources of income especially income from interests in bank account.
BTW I saw Salman’s post on problogger.
Hi Shabbir,
Thanks for gone through the Salman’s post on problogger. My son helps me a lot to manage the technical part and coding work of my site.
Great to see that. 😀
Dear Shabbir your chart patterns Good.
Ajay, Avoid links in comments or else it goes down into spam