Personal Finance Blog India –

Budget 2017 & Outline Of Its Impact On Tax Saving,Mutual Funds ,Real Estate & NPS

Budget 2017 and its impact on personal Tax Saving,Mutual funds,Real Estate & NPS

Changes proposed in personal income tax slab:

  1. Tax rate for individuals having income in the range of Rs.2.50,000 to 3,00,000 reduced from 10% to 5%.
  2. Rebate of Rs.5000 u/s 87A have reduced up to Rs.2500/-.This rebate will now available if taxable income is upto Rs.3,50,000.
  3. 10% Surcharge if annual taxable income is in between 50 L and 1 Crore.
  4. No change in surcharge of 15% on taxable income above Rs.1 Crore.

Changes proposed in Mutual funds:

No major changes have proposed for mutual funds except:

  1. RGESS – Rajiv Gandhi Equity Saving Scheme which was available for first time equity investors will be phased out.
  2. Provisions of LTCG -Long Term Capital Gains for equity remains as it is.

Changes proposed in NPS:

  1. Budget 2017 proposes tax exemption for partial withdrawal (up to 25% of contribution)  made in specific cases.

Budget 2017 and its effect on Real Estate:

  1. LTCG has been tweaked for real estate.Holding period reduced up to 02 years from earlier 03 years to be eligible for long term capital gains.
  2. Individuals and HUFs paying rent of more than Rs.50,000 will need to deduct 5% tax at source.It can be done once in a year (from rent for last month of financial year).

Mid Cap Mutual Funds:

Mid cap oriented Mutual funds:

As name suggests, these funds have mandate to invest in mid cap or mid+small cap stocks.

Due to high growth potential, such stocks can offer higher returns over blue chips, of course with commensurate higher risk.Also wide spectrum of stocks are available in mid cap space,so its also subject to stock selection risk from fund manager.

Wealth created by Sundaram Select Mid cap since its inception of 2002:

Review of Sundaram Select midcap

Performance of Sundaram Select mid cap against BSE mid cap index & Nifty.

[If you want to see enlarged image then click on it.]

If you are long term investor then check if there is special mid cap fund in your portfolio.If not,then take help of an advisor to choose fund which can suit your portfolio.

Please note: Past performance indicates what you have missed in the past and its not necessarily indication of future performance.Fund -Sundaram Select mid cap chosen for example and not necessarily as advice.


9.50% SREI Infrastructure Finance NCD January 2017:

After successful debenture issue of its equipment finance arm,SREI infra finance has come up with an issue of secured debentures worth Rs.706.63 Crores.

SREI Infra is BSE & NSE listed company providing financial products and consultancy towards infrastructure development,with particular focus on power,road,telecom,oil & gas,SEZ etc.

Imp dates:

1.Issue open date:January 30, 2017.

2.Issue close date:February 23, 2017.

SREI Infra NCD January 2017

Coupon rates for all types of investors:

# 8.50% p.a.for 400 days.

# 9.25% p.a. for 3 years.

# 9.50% p.a. for 5 years.

Additional benefit 0.25% p.a. additional coupon for Senior citizens,existing NCD holders and share holders.

Interest payment options:

1.Monthly interest

2.Annual interest

3.Cumulative interest at maturity..

But note that for monthly interest option Demat mode is compulsory.

Credit Rating: BWR AA+ which indicates stable issue by Brickwork.

Allotment will be on first cum first served per day basis.

70% of issue size is reserved for individual and HUF investors.


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