Budget Reactions: Bourse-access boost to MFs, insurance: Motilal Oswal AMC

Written By Unknown on Kamis, 28 Februari 2013 | 18.00

Thu, Feb 28, 2013 at 16:12

In an era where it is incumbent upon the distributors and advisors to provide good advice and seamless service with single page view on all asset classes, enabling mf distributors to access the stock exchange platform that rides on robus depository backbone is an excellent move.

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Budget Reactions: Bourse-access boost to MFs, insurance: Motilal Oswal AMC

In an era where it is incumbent upon the distributors and advisors to provide good advice and seamless service with single page view on all asset classes, enabling mf distributors to access the stock exchange platform that rides on robus depository backbone is an excellent move.

Like this story, share it with millions of investors on M3

Budget Reactions: Bourse-access boost to MFs, insurance: Motilal Oswal AMC

In an era where it is incumbent upon the distributors and advisors to provide good advice and seamless service with single page view on all asset classes, enabling mf distributors to access the stock exchange platform that rides on robus depository backbone is an excellent move.

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ABOUT THE EXPERT

Aashish Somaiyaa

Mr. Somaiyaa brings with him rich and varied experience - with more than 13 years in sales and distribution

Aashish Somaiyaa
Motilal Oswal AMC  

1) In an era where it is incumbent upon the distributors and advisors to provide good advice and seamless service with single page view on all asset classes, enabling MF distributors to access the stock exchange platform that rides on robus depository backbone is an excellent move. We urge all intermediaries to take maximum benefit of the same.

2) I believe ETFs can aid alpha creation and better returns for insurance portfolios at a very low cost. It's a welcome move and we will work hard to showcase Motilal Oswal's innovations like access to Nasdaq and CNX-midcap 100 etc to the insurance and pension managers' audience. STT reduction on ETF is a further boost to aiding returns with lower transaction costs.


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highlights

  • No case to revise direct tax rates, slabs: FM
  • Super rich tax: 10% surcharge on income above Rs 1 cr: FM
  • Increase excise duty on SUV's from 27% to 30%: FM
  • No change in standard rate of excise duty, service tax: FM
more »

flashes

  • Budget Has Taken Big Steps In Reducing Subsidies, Says RBI
  • Budget Creates Fiscal Space For Private Borrowing, Says RBI
  • Budget Sets Stage For Lowering Twin Deficits, Says RBI
  • Budget Reaction: RBI Says Inflation-indexed Bond Increases Options For Savers
more »

InterpretationS

  • GAAR-Presumes tax benefit unless proved contrary
  • MFs covered for deductions u/s 80CCG
  • Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
  • ED on readymade garments exempted: positive textile sector
more »

SECTOR IMPACT

Select Sector to see impact

  • Auto - Cars & Jeeps
  • Auto - LCVs/HCVs
  • Banks - Private Sector
  • Banks - Public Sector
  • Cigarettes
  • Computers - Hardware
  • Computers - Software - Training
  • Construction and Contracting - Real Estate
  • Electricals
  • Engineering - Heavy
  • Finance - General
  • Finance - Investments
  • Infrastructure - General
  • Leather Products
  • Media & Entertainment
  • Mining/Minerals
  • Miscellaneous
  • Personal Care
  • Pesticides/Agro Chemicals
  • Power - Generation/Distribution
  • Refineries
  • Shipping
  • Sugar
  • Textiles - Denim
  • Textiles - General

Textiles - General

13:53 pm

Exice Duty on readymade garments exempted +ve for textile sector

EXPECTATIONS

expectation on: Business

Uday Kotak

Executive Vice-Chairman and Managing Director | Kotak Mahindra Bank

expectation on: Policy

Vetri Subramaniam

CIO | Religare Mutual Fund

expectation on: Markets

Raamdeo Agrawal

Joint MD | Motilal Oswal

expectation on: Markets

Atul Suri

NULL | Trader

expectation on: Policy

Pankaj Vaish

Head South Asia Markets | Citi


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