Intermediate

Budget guided by mission to strengthen agriculture, rural development, health, education, employment, MSME and infrastructure sectors

General highlights

Senior citizens have plenty of reasons to cheer post the Union Budget. One of the biggest is the increase in deduction limit under Section 80D of the Income Tax Act.

Section 80D limit hike

The Union Budget 2018 has given emphasis on strengthening the rural economy and boosting consumption. It ticks all the right boxes with its slew of benefits including higher minimum support prices (MSPs) for kharif crops, upgradation of rural haats to give farmers better access to formal mandis, enhancing the agricultural marketing infrastructure, and promoting organic farming.

Here are 14 ways in which Budget 2018 has come to the rescue of the rural economy:

Question: You have a preference for companies that generate healthy operating cashflow and free cash flow. Why do you emphasize this factor?

Question: How do you define value? Which are your preferred metrics of value?

I was told I could address any of the following four questions in my article. But why stop at one if you can go for all four?  Especially if all four are linked inexorably in some form.

The questions and the corresponding answers are below -

As the parent of two teens I have seen them evolve over time. From the joys of the new born who holds you tight it is quite an eventful journey till they get to adulthood and spread their wings. Having just been to my elder child’s graduation (12th standard) and with adulthood now just a few days away it has been quite a satisfying journey.

UTI Equity fund has a strong predilection towards investing into businesses that have strong and steady profile of free cashflow generation, high RoCEs through the cycle and a high visibility of long term growth.

Here is a simple quiz question. “What do you need to meet life’s major financial goals like children’s higher education and retirement?” You have got it right if your answer is ample savings. But that was the easier part. Here’s the challenging question, “How do you create ample savings for these needs that require substantial sums?” For an individual investor, getting the right answer involves quite some doing as this involves making the right investments over long periods.