In an interview with CNBC-TV18, Samir Arora, Founder & Fund Manager at Helios Capital gave his take on Arun Jaitley's Union Budget 2018 and his outlook on the road ahead.Long-term capital gains (LTCG) tax should be paid but at the same time, people should not say that it does not matter. Nobody minds LTCG if that is what you want but please also admit that it matters. It is wrong to say that imposition of LTCG tax doesn’t affect investors, he said.According to him, India is growth and therefore nobody can live without it.Close India should now, unfortunately, underperform global peers, emerging market peers by 5-10 percent, he added.Samir AroraFund Manager|Helios Capital Management 'If there is no fiscal expansion in Budget, market will fall'India did better than expected given PNB scam, LTCG tax: Samir AroraYear 2018 will be much tougher for the market than 2017: Samir AroraRally in India is driven by strong US market, he further mentioned.Speaking of money flow, he said … [Read more...] about LTCG will hurt FII behaviour; will make India underperform other EMs, says Samir Arora
The government is not looking aggressive enough and giving “some interesting ideas that we can hope for in the next few weeks”, Samir Arora, Founder and Fund Manager at Helios Capital, has told CNBC-TV18.Arora said the government after going for the corporate tax rate cut should expand the tax cuts “maybe for consumers, stock markets. In fact, the government is not looking aggressive enough, in fact they have to put that bad patch out".After the government reduced the corporate tax on September 20, the Sensex has rallied 13 percent and hit a record high followed by consolidation.Close The consolidation, with no big correction, indicates that the market could be waiting for more announcements from the government.Samir AroraFund Manager|Helios Capital Management India did better than expected given PNB scam, LTCG tax: Samir AroraLTCG will hurt FII behaviour; will make India underperform other EMs, says Samir AroraYear 2018 will be much tougher for the market than 2017: … [Read more...] about ‘If there is no fiscal expansion in Budget, market will fall’
CNBC-TV18The S&P BSE Sensex rallied by about 29 percent in the year 2017 but the year 2018 is unlikely to deliver a similar return, suggest Samir Arora of Helios Capital in an interview with CNBC-TV18.Arora who is not a big fan of Cryptocurrencies said that 2018 will be a tougher year for investors as compared to 2017. If we look at markets across the globe such as US, Europe, Japan or any market in dollar terms — everything is up 15-30-40 percent.Close In India, midcaps rose by about 45 percent while Smallcaps would be 60 percent. Obviously, this is a bit too much. I no longer believe in fighting the corrections in the market, said Arora.Samir AroraFund Manager|Helios Capital Management 'If there is no fiscal expansion in Budget, market will fall'India did better than expected given PNB scam, LTCG tax: Samir AroraLTCG will hurt FII behaviour; will make India underperform other EMs, says Samir AroraIf you betting on smallcap stocks on the assumption that if markets will … [Read more...] about Year 2018 will be much tougher for the market than 2017: Samir Arora
The mutual fund industry saw its total asset under management (AUM) hitting Rs 27 lakh crore as of November-end, from Rs 23.59 lakh crore a year ago, Association of Mutual Funds in India (AMFI) data on Monday showed.That represents a 15 percent growth in assets year-on-year (YoY). On a month on month basis, it rose by 3 percent.This is indeed remarkable, but the devil lies in the detail. The asset growth in November has been driven mainly by inflows into debt funds. Equity funds, a keenly tracked data point, recorded a significant drop in inflows.Close Is it a matter of big concern? Not yet. We sliced the monthly numbers and came across a few interesting observations. related news Sebi orders LIC, SBI, Bank of Baroda to reduce stake to below 10% in UTI AMC by December 2020 BSE Star MF does 3.4 cr transactions worth Rs 1.17 lakh cr in FY20 Investors pump Rs 24,000 cr in equity mutual funds in July-September: Report Equity flows may have tapered off, but the underlying trend … [Read more...] about MF inflows in November: Have Indian investors come of age?
Over the last year or so, the scourge of disinformation and harassment on popular social networks has been an escalating source of frustration for users, and perhaps the most frustrating part of all is the constant foot-dragging of the Silicon Valley firms tasked with reining in the problem. Sure, Facebook and Twitter now readily admit there’s a real problem—which is more than they did a few years ago—but despite the constant mea culpas and vows to do better, we always seem to end up right back where we started. Now a group of Facebook and Twitter shareholders is hoping to force the companies to change their ways, and they’re doing it from inside the investor pool. Arjuna Capital, an activist investment firm with a history of trying to force tech companies to behave more ethically, said today it has filed shareholder proposals demanding that Facebook and Twitter figure out ways to get a handle on the fake news and rampant abuse that infect their platforms. The … [Read more...] about Facebook and Twitter shareholders are demanding action on fake news and abuse