Sunil Subramaniam, CEO, Sundaram Mutual believes 2017 the government will focus on rural economy and infrastructure space in the upcoming Union Budget as they will aim to kick-start the economic growth.
The market would most likely rebound with vigour in February-March post clarity on Budget and earnings outlook, said Sunil Subramaniam, CEO, Sundaram Mutual.
The monthly average for inflow in equity mutual funds stood at 2015 Rs 7550 crore, where for the first seven months of 2016 it stands at Rs 2293 crore.
Sunil Subramaniam, Deputy CEO, has been designated CEO of Sundaram Asset Management Company Limited with effect from July 01, 2015.
Investments in mutual fund linked retirement plans should be considered for income tax deduction under section 80CCD of the Income Tax Act. RGESS may be enhanced and investment limit under section 80C should be increased.
Investors subscribe to the thought that they make money if they remain invested for long term. However in practice most investors panic in short term. Closed ended structure helps investors to stay put in equity for longer period of time.
Sundaram Mutual announces the launch of its two new tax savings Fund Offerings namely; Sundaram Long Term Tax Advantage Fund (Series I) and Sundaram Top 100 (Series IV)
"In the short-term (income) funds, investors should have a horizon of not less than one year. Similarly, in the long-term funds, investors should stay invested for 18 months or beyond," says Amit Tripathi, Fixed Income Head at Reliance Mutual Fund.