Mutual fund managers give thumbs up to Budget 2021
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Structural reforms in the debt space, focus on healthcare, liberalization in insurance FDI, setting up ARC for bad debts are some things that worked for the Budget 2021, mutual fund managers say.
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Structural reforms in the debt space, focus on healthcare, liberalization in insurance FDI, setting up ARC for bad debts are some things that worked for the Budget 2021, mutual fund managers say. Read what all they believe is going to change with the new proposals laid down by the Finance Minister.
The not-so-subtle shift to a counter cyclical fiscal policy through increased government spending coupled with reforms and greater privatisation thrust could support economic recovery, create earning upgrades in FY22 and thus support India’s premium valuations. Though there is a likelihood of slightly higher interest rates as a result, it can get offset by superior earnings momentum especially if the budget