#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
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.
#MutualFunds help in mobilizing small savings - channelizing them into building economy thru #Equity & #Debt. This will help in reaching $5 trln GDP target
Increasing investment limits u/s 80C for #ELSS investments. Once again diverting funds from non-productive to productive financial assets.

These are all optics - which will help in improving market sentiments as well
Encouraging schemes/strategies which help in #Retirement planning. Since there are no social security in India, this will help #SeniorCitizens.

Exempt tax on #SWP for Senior Citizens to generate cash flows. Again optics to improve sentiments & encourage #SWP
#SeniorCitizens have already paid taxes throughout their lives. Make their investment income (from their retirement corpus) tax free (irrespective of investment vehicle - be it interest, dividend, capital gains, etc)
Also, reduce #GST on premiums on #HealthInsurance or exempt it totally.

#COVID has shown how expensive this can be. Make Health Insurance affordable for all age groups

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Sunil Jhaveri

Sunil Jhaveri Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @IamMisterBond

Jan 8
MisterBond's #RollofHonour in #Debt schemes as on January 2023 (based on past 12 monthly ranking analysis)

Only difference instead of last 7 year data (in Equity), we collate data over 5 year period and do daily 36 month (vs 60 month in Equity) #RollingReturns analysis:
Read 6 tweets
Jan 7
MISTERBOND'S #ROLLofHONOUR IN DIFFERENT #MUTUALFUND SCHEME CATEGORIES BASED ON PAST 12 MONTHLY RANKING DATA FROM JAN 22 TO DEC 22 AND AVERAGE OF THE SAME - In JAN 2023:

Entirely #Quantitative analysis:
Read 9 tweets
Jan 6
Announcing MISTERBOND'S ROLL OF HONOUR for Mutual Fund schemes under all categories of #Debt, #Hybrid and #Equity.

This will showcase Top 5 schemes in each category.

This should become the #GOLD standard in ranking Mutual Fund schemes on #QuantitativeAnalysis
This will be based on monthly analysis of daily rolling returns in each category and then
12 month average of such monthly analysis
We compile daily rolling returns over different periods based on Asset classes like:
1. Daily 60 mth rolling returns over past 7 yrs for Equity
2. Daily 36 mth rolling returns over past 5 yrs for CreditRisk
3. Daily 12 mth rolling returns over past 3 yrs for Low Duration Funds
Read 10 tweets
Aug 8, 2022
#BullWhip effect as per @michaeljburry:

All know that rising #inflation is negative for #Equity markets as #CentralBanks (CB) tend to raise rates to control #demand - which in turn can lead to #Recession. During this phase #demand outpaces #supply.

@PensionCraft
Demand contracts for some time and supply also contracts with a lag. Post that demand starts to rise (post COVID), prompting manufacturers to increase supply disproportionately - creating a supply glut. This puts downward pressure on prices,inflation comes down. CBs turn dovish
This creates disinflationary phenomena. Though looks good on paper for equity markets, prices of all products come down substantially.

This is called #BullWhip effect.

Supply outpaces demand. Prices collapse, inventories pile up, margins shrink.

This slows earnings growth
Read 5 tweets
Jun 8, 2022
What factors to look for to understand which direction are #interestrates headed:

1. Total Credit in the system
2. Which gets divided into External and Internal
3. External focuses on #CAD
4. Internal: Private & Govt
5. Private - #CreditOfftake
6. Govt - #FiscalDeficit
3. External :
#CAD (Current Account Deficit - difference between country's #Imports & #Exports) goes up, #imports become expensive, rupee depreciates, bringing in imported #inflation

- interest rate tend to go up
4. Internal Credit
5. #PrivateSector - #Creditofftake goes up interest rates rise
6. Govt - #FiscalDeficit goes up interest rates rise
Read 4 tweets
May 21, 2022
Why one needs to protect downside - a thread:

Basics:

If NIFTY goes down from 18,000 to 9,000 it is 50% drop.

Now it needs to go up 100% from thereon to break even and come back to 18,000 and then get into positive territory
Current situation:

Markets have dropped by almost 12% from the peak reached on 18th Oct 2021.

#nifty50 will have to go up by 13.63% and scale back to 18500 from hereon to break even and then get into positive territory.

That is almost 2200 points rise from hereon
Those who invested at market peaks will have to wait much longer to a) break even and b) then go into positive territory

Investing at right Valuations and not at any valuation should matter to the Investors.

For that you need to avoid #FOMO, have #patience & #discipline
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(