InvestorQ : I am a mutual fund investor. I want to know if I need to make any changes in my strategy after Budget 2019?
Niti Shenoi made post

I am a mutual fund investor. I want to know if I need to make any changes in my strategy after Budget 2019?

Answer
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Roshni Hegde answered.
1 year ago


Interim budget 2019 did not include incentives for mutual funds. However, few fund managers believe in waiting for the full budget for firm clues.
Experts say Investors should not worry as the interim budget will have no direct impact on mutual funds. No material tax benefit or anything for equity-linked schemes was given in the budget.
Anyway, it will be a wild guess to make! We can expect its direct implications on mutual fund only in full budget.
If you are looking for tax-saving fund and growth through investment you can choose ELSS. This fund has the lowest lock-in period of three years. However, Other types of mutual fund like debt, hybrid etc. have different lock-in period respectively. Thus, it is advisable to wait for the final budget for the expected proposal for mutual funds.