Surcharge hike on India’s rich sharpens focus on tax efficiency: Sanctum WM

Asian Private Banker, Jul 15, 2019

In the wake of India’s proposal to raise income tax surcharges on high net worth individuals (HNIs) in its latest Union Budget, Prateek Pant, head of products and solutions at Sanctum Wealth Management envisions that HNI investment preferences could shift towards more tax-efficient solutions. “It is estimated that about 100,000 individuals comprising business promoters and…

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Budget 2019: Here are the financial services industry bigwigs’ expectations

Money Control, Jul 5, 2019

The budget could further the agenda of building a new India and is expected to open the doors of opportunities to investors in financial markets across asset classes. Union Budget 2019 is expected to set the tone for the Narendra Modi government 2.0 on July 5. Market participants will listen keenly to the announcements of…

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HNIs And Budget 2019: A Quick Look

Outlook Money, Jul 3, 2019

Prateek Pant, Head, Products and Solutions, Sanctum Wealth Management explains whether HNIs should review their portfolio for major events like budget, in a conversation with Himali Patel. 1. How do you expect the Union Budget 2019 to play out for HNIs? High Net Worth Individuals (HNIs) would be hoping for rationalisation of direct taxes and…

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Avoid auto, FMCG and commodity driven plays for now: Sanctum Wealth

Money Control, Jun 21, 2019

Investors need to take a longer term perspective. In Modi 1.0, investors were handsomely rewarded for staying invested in equities, despite high valuations. Modi 2.0 looks to be a similar scenario. We’d generally avoid FMCG on valuation. Also, we would avoid autos until clarity on a turnaround emerges, and also avoid commodity driven plays, Sunil…

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