Market Masters: Nilesh Shah On Post Budget Investment Strategy

Finance Minister Nirmala Sitharaman presented her seventh consecutive Union Budget for 2024-25 on July 23. Key highlights of the budget include an increase in the Securities Transaction Tax (STT) for equity and index trades from 0.01% to 0.02%, a rise in the Short-Term Capital Gains (STCG) Tax from 15% to 20%, and an increase in the Long-Term Capital Gains (LTCG) Tax from 10% to 12.5%. Additionally, the Finance Minister has increased standard deductions and revised tax rates for salaried individuals under the new tax regime, while also cutting customs duties on gold, silver, mobile phones, and other goods. The Centre's FY25 capital expenditure is projected at ₹11.1 lakh crore, with infrastructure spending at 3.4% of GDP. Special focus has been given to MSMEs and the manufacturing sector, with increased Mudra loan limits and provisions for rural development. Join Business Today TV's Shailendra Bhatnagar and Sakshi Batra as they discuss these developments with Nilesh Shah, MD & CEO of Kotak Mahindra AMC, for exclusive insights.