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LIC Nomura Mutual Fund

Pre-Budget Expectation Views By Mr. Nilesh Sathe, MD & CEO, LIC Nomura Mutual Fund

Feb 20, 2015   18:49 IST 

Mr. Nilesh Sathe, MD & CEO, LIC Nomura Mutual Fund on budget expectations


Expectation from Mutual Funds

  • Simplification of rules for Investments by NRI from US in Indian Mutual Fund schemes



  • Make Indian equity market accessible to overseas market participants like in other Asian countries.



  • Separate regulator for Mutual fund to focus on the growth and penetration of Mutual Fund.



  • SIP in equity ETF and Index related funds should be made eligible investments under section 80 CC and the exclusive limit should be given up to Rs. 50000


  • Some allowance should be given to AMCs for opening offices in tier2 and tier 3 cities to promote MF business in these areas.



Expectation from General Budget

  • Focus on Reforms like road map for implementing GST which will give higher revenue to both centre and state.



  • Subsidies will reduce by will reduce due to nil under recovery by Oil companies in respect of petrol and diesel



  • Additional revenue of Rs 50000 cr by way of increase excise duty on petrol and diesel done during current year.



  • Custom duty on crude oil of 5% may be restored back in the current budget which will give addition revenue.



  • Access on direct tax and services tax may be levied to generate revenue for Clean India Campaign.

Nilesh Sathe, CEO, LIC Nomura Mutual Fund
Nilesh Sathe, CEO, LIC Nomura Mutual Fund
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