Mutual Fund Advisor

Mutual Fund Advisor

Dear Good citizens of India, 

Enough halla on LTCG thing_ , I've always said to stay away from noise but Most of the Investors don't seem to listen.

*Firstly*, Implementation of LTCG tax was long due, it is already there in majority of countries in world so

nothing new has been Implemented here in India. 

Or waise also, LTCG was not there for a long long time, *Write a book to your account ????*

*Secondly* we people will still b paying 10-30% Tax at our 6.5% Return generating FDs but ironically we have a huge problem with 10% Tax on Equity which is 

generating 15-25% Returns in out Portfolios !!! *Sheer 

Madness !! Isn't it ????*

*Thirdly* * Some are saying that PF will now gain popularity, I say Yes it will but only for those who *all along failed in their MATHS class in Schools*. bcoz MATHS says *15% is still > then 8%, even after Taxation.*......

*We have a data on PPF vs ELSS for last 20 Years, It clearly shows that 20 lac Invested in PPF in last 20 Yrs is now approx. 

*58 Lacs* & *20 Lac Invested in ELSS in last 20 Years is now more than *5 Crores, even after taxation it comes out to be 4.5 Crores. 

To everybody is smart enough to know what figure he/she wants.*

Just tell me one thing, If tomorrow _Income Tax rate changes to 40% will u stop working/earning ???

*I guess no !!!* So stop focusing on noise, Focus on creating a large base to Capture that 15-20% CAGR in coming years. 

Mutual Fund Advisor

MR.K.P.PRABHAGHARAN,

KKP CAPITAL, 9894333189

Mutual Fund Advisor