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#Budget2023WishList:
For #MutualFund Industry:
@nsitharaman
1. Removal of #GST for commissions paid to #MutualFundDistributors who cannot recover the same from their investors. Only industry where this happens
We need more #MFDs to achieve goal of reaching Rs.100 lac crs in AUM
For #MutualFund Industry:
@nsitharaman
1. Removal of #GST for commissions paid to #MutualFundDistributors who cannot recover the same from their investors. Only industry where this happens
We need more #MFDs to achieve goal of reaching Rs.100 lac crs in AUM
Removal of #LTCG from #Equity and #EquityMFSchemes. Will have very low impact on fiscal collections.
But it will improve sentiments and move funds from non-productive assets like #Gold to #FinancialAssets like equity.
But it will improve sentiments and move funds from non-productive assets like #Gold to #FinancialAssets like equity.
#MutualFunds help in mobilizing small savings - channelizing them into building economy thru #Equity & #Debt. This will help in reaching $5 trln GDP target
Veteran hedgie #PaulTudorJones puts c2% of his assets in #BTC.“What was surprising 2 me was not that Bitcoin came in last [as store of value], but that it scored as high as it did. Bitcoin had an overall score nearly 60% of #financialassets w/ a market cap 1/1200th of that”[1/2]
"...[Bitcoin] scores 66% of #gold as a store of value, but has a market cap that is 1/60th of gold’s outstanding value. Something appears wrong here and my guess is it is the price of #Bitcoin." Read his 'May 2020 Macro Outlook' in full here: >>>bit.ly/2WuMr0a [2/2]
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