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We are building in a U-shaped recovery for economy & equity markets: Prateek Pant

Moneycontrol.com, Mar 4, 2020

Most of the measures by the government will have a positive impact in the longer-term, but might not cause a V-shaped recovery in the economy. Kshitij Anand@kshanand We are building in a U-shaped recovery and not a V-shaped recovery for the economy and the equity market in the coming quarters, Prateek Pant, Co-Founder & Head…

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Dividends taxed at slab rates to hurt HNIs: Sanctum Wealth

, Feb 25, 2020

The budget fell short in providing impactful stimulus to kick-start the economy Prateek Pant There were a lot of expectations in various quarters as the Finance Minister presented her second budget in the second innings of this Government. The budget was presented in an extremely tough environment, with GDP Growth at an 11-year low and…

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PMS players experiment with pay-only-for-profit model, skip fixed fees

, Feb 20, 2020

People who manage investment portfolios of the rich are increasingly pitching for a model where they are only paid for the profits they make. Investors typically pay portfolio management services (PMS) providers an annual fixed fee of around 2 per cent of the money they manage. They also pay them a share of the profits…

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Taxing dividends in hands of investors to benefit those in lower bracket

, Feb 1, 2020

• Investors in higher tax bracket left worse off • Investor in 10% bracket who earlier paid DDT at 29% on debt fund dividends will now only pay 10% MUMBAI: Companies and mutual funds will no longer have to pay dividend distribution tax on shares and mutual funds. The 2020-21 Union Budget has instead made…

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