{"id":55,"date":"2011-02-28T09:10:00","date_gmt":"2011-02-28T03:40:00","guid":{"rendered":"https:\/\/blog.fundsindia.com.cp-29.webhostbox.net\/?p=55"},"modified":"2013-04-09T13:57:19","modified_gmt":"2013-04-09T08:27:19","slug":"budget-2011-quick-takes","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/uncategorized\/budget-2011-quick-takes\/55","title":{"rendered":"Budget 2011 &#8211; Quick takes"},"content":{"rendered":"<p><span style=\"font-family: Verdana, Helvetica, Arial;\"><span style=\"font-size: 12.0px;\">Some quick takes on the Budget from investors\u2019 perspective:<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><span style=\"font-family: Verdana, Helvetica, Arial;\"><span style=\"font-size: 12.0px;\">Most interesting announcement was the one about foreign investors being allowed to invest in Indian equity mutual funds. However, there is not enough clarity on this just yet. By \u201cforeign\u201d, does it mean Foreign individuals or institutions? If it is individuals, then how could they do KYC? Do they get PAN numbers and file Indian taxes? What about repatriation? What about debt funds? The next few days will, hopefully, provide some answers. We\u2019ll see&#8230;. <\/span><\/span><\/li>\n<li><span style=\"font-family: Verdana, Helvetica, Arial;\"><span style=\"font-size: 12.0px;\">Keeping on the subject, will this lead AMCs in India to lose focus of Indian retail investors? Indian AMCs have an image of chasing AUM. Within India, the target was to get institutional (treasury) money into the debt schemes to boost AUM numbers. Now, if foreign institutions can invest \u2013 in dollars and pounds \u2013 will the retail investor in India even matter any more to the AMCs? <\/span><\/span><\/li>\n<li><span style=\"font-family: Verdana, Helvetica, Arial;\"><span style=\"font-size: 12.0px;\">On the other side, it could potentially make AMCs more profitable and make the industry more healthy. <\/span><\/span><\/li>\n<li><span style=\"font-family: Verdana, Helvetica, Arial;\"><span style=\"font-size: 12.0px;\">Apart from this news, precious little in the budget for individual investors \u2013 the IT limit increase by 20K will save too little in taxes and will not even be enough to keep up with the food price raises. <\/span><\/span><\/li>\n<li><span style=\"font-family: Verdana, Helvetica, Arial;\"><span style=\"font-size: 12.0px;\">The super senior category for IT limits (5 lakhs limit for 80+ year olds) is one of those feel good announcements \u2013 it will make people happy while not costing the government much (Of course, households will start shifting rental and investment incomes from their parents\u2019 names to grand parents\u2019 names \ud83d\ude42 ) <\/span><\/span><\/li>\n<li><span style=\"font-family: Verdana, Helvetica, Arial;\"><span style=\"font-size: 12.0px;\">Looks like the tax-free infra bonds will continue next year also&#8230;<br \/>\n<\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: Verdana, Helvetica, Arial;\"><span style=\"font-size: 12.0px;\"><br \/>\nAnd, if anybody expected any relief on the ELSS front \u2013 disappointment. The year 2011-12 will be the last year for ELSS schemes.<br \/>\n<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some quick takes on the Budget from investors\u2019 perspective: &nbsp; Most interesting announcement was the one about foreign investors being allowed to invest in Indian equity mutual funds. However, there is not enough clarity on this just yet. By \u201cforeign\u201d, does it mean Foreign individuals or institutions? If it is individuals, then how could they [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Budget 2011 - Quick Takes for Investors<\/title>\n<meta name=\"description\" content=\"Here are some quick takes on the Budget 2011. 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