Chartered Accountant, lawyer. Manager Taxation. Interested in Personal finance domain. Knowledge is Power.
Explorer. Always a performer always a Learner.
May 14, 2020 • 9 tweets • 2 min read
Y'day, FM announced measures under #AatmanirbharBharat mission. I call considering it a stimulus, A tale of travesty, because of the following. (1/n)
1. FM lowered TDS rates by 25% stating it as INR 50000 crore liquidity support. But the tax liability & tax rates haven't come down? In fact, due to sale & profitability being severely impacted, the TDS itself will have to be refunded very soon. This isn't any stimulus. (2/n)
Apr 23, 2020 • 28 tweets • 12 min read
Franklin has shut down 6 debt mutual fund schemes due to illiquidity in market stopping buy/sell of units in these funds. Doesn't it put q on experts who suggest to hold just 3-4 scheme in portfolio. True saying - Never keep all eggs in one basket. #mutualfunds#market#franklin
Put together, almost 26000 crore rupees of investors are stuck in these 6 schemes. These all belong to debt schemes so higher chances that most of the money stuck belongs to retail investors. (2/n)
