The 33 per cent increase in short-term capital gains tax, as announced in the Union Budget 2024-25, is likely to make it more challenging for portfolio management services providers to compete with mutual funds and alternative investment funds. Given the current market frenzy, with stocks yielding 50-60 per cent returns within a year, clients may still prioritise profit-booking despite the …
By Prateek Mehta The wealth management and advisory landscape in India has gone through a tremendous transformation over the last decade and two. Over the years, good wealth managers have been able to demonstrate the role wealth managers play in generating true financial value for a multitude of Indian investors. The 2001 tech bubble, 2008 global financial crisis, 2012 Eurozone …
