»Capital Gains to Increase in Spending Power, Here s What the Common Man Expects from Budget 2021
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Capital Gains to Increase in Spending Power, Here s What the Common Man Expects from Budget 2021
(For representation) Finance Minister Nirmala Sitharaman will present the Union Budget 2021 on February 1. (REUTERS/Altaf Hussain)
While various economic packages and reforms announced by the government in 2020 had kept the economy afloat, Budget 2021 is also being looked upon as a watershed event that is expected to lift and give an impetus to the Indian economy.
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With India slowly recovering from the pandemic, the public is hopeful of buoyancy in the economy and the introduction of a taxpayer-friendly budget. While various economic packages and reforms announced by the government in 2020 had kept the economy afloat, Budget 2021 is also being looked upon as a watershed event that is expected to lift and give an impetus to the Indian economy.
Synopsis
Mutual funds should be perceived as a longer-term investment vehicle at par with comparable investment avenues like gold and real estate with the investment horizon for 7 to 10 years especially the equity funds.
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Investing in Mutual funds can make a significant contribution when it comes to the development of the Indian Economy. We believe the development of the capital markets enhances the four pillars of the financial system: efficiency, stability, transparency, and inclusion. Mutual fund industry has been at the forefront of this growth. The Mutual Fund industry is still under-penetrated with a few impediments thwarting its growth, we need to address these hurdles which could help deepen investments in Mutual Funds and hence drive growth in capital markets. Mutual funds should be perceived as a longer-term investment vehicle at par with comparable investment avenues like gold and real estate with the investment horizon for 7 to 10 years especially the equit