No investor can forget 1st Feb 2018.
Everything was going fine in the budget speech by the FM Mr.Arun Jaitely.
And then he introduced Long Term Capital Gains on Equity.
This was the very same day when LTCG went up from 0% to 10%.
The thought was this bad news will affect mutual funds business growth and investors will start withdrawing money from mutual funds and stocks.
But it wasn’t the case.
The Individual investors AUM grew from 11 lakh crores to 37 lakh crores
Monthly SIPs increased from 6200 crores to 21000 crores.
The industry AUM moved up from 21 lakh crores to 61 lakh crores.
Do you know why?
You are investing in a growth beast called INDIA.
Trust me when I say, this is just the beginning of growth for India.
India is the only shining armour in the world of depressed growth. RBI has done a great job in maintaining inflation, interest rates and currency. Nothing, not even higher capital gains, will stop us investors from making huge wealth from investing in equity.
So, stop worrying about taxes and start thinking about how to build wealth. If you need help, ask our team at MIRA Money.
Don’t miss the forest for the trees!
