1 / 5

The budget has not been path breaking says Siddharth Mehta

Bay Capital founder said that however the spending plan has not been way breaking, given the restricted space for the move, the actions around the re-arrangement on private assessment rates (despite the evacuation of the exceptions), the expulsion of the profit dispersion charge, and the expense exclusions for sovereign abundance assets for interests in the foundation are a portion of the positive turns of events.

tilakverma
Download Presentation

The budget has not been path breaking says Siddharth Mehta

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Long-term Investors Need to Identify Quality Businesses Bay Capital

  2. Siddharth Mehta, Founder, and CIO, of Bay Capital, said that though the budget has not been path-breaking, given the limited room for maneuver, the measures around the re-alignment of personal tax rates (notwithstanding the removal of the exemptions), the removal of the dividend distribution tax and the tax exemptions for sovereign wealth funds for investments in infrastructure are some of the positive developments. However, providing an option to personal taxpayers to either opt for the old or new regime seems counterproductive and complicated given the Government's intent to simplify the overall governance structure.

  3. He further said, "The 10% GDP nominal growth target is a realistic one, given the overall environment as is maintaining of the deficit target at 3.5% for FY 21. Moreover, specific initiatives such as the privatization of IDBI Bank, the proposal for the LIC to go in for an IPO, and the revision of limits for FPI investments in corporate bonds are positive."

  4. All in all, Siddharth Mehta believes that the budget will not have too much relevance beyond a few days. The focus of longer-term investors will need to be around identifying and buying quality businesses that can navigate through challenging periods and emerge stronger, over time. There will be knee-jerk reactions, but specific policy announcements will continue to be made outside of the budget and Siddharth Mehta-led Bay Capital continues to be positive about the long-term opportunity for investing in India. LONG TERM INVESTMENT

  5. Bay Capital is a long-standing marquee investor in Indian markets. It is run by a group of seasoned investment professionals with significant experience in Indian capital markets. Bay Capital has been investing across public and private markets and has a long and successful track record. About Bay Capital Partners

More Related