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Satish Kaushik/Mint

Satish Kaushik/Mint

My money & the Budget

My money & the Budget

Meenakshi Koul Prothi, 41 , an area development manager for Kumon India Education Pvt. Ltd, invests primarily in mutual funds and doesn’t mind in taking calculated risk in equity. Prothi dabbled in some financial instruments at the beginning of her career. After marriage, her husband introduced her to mutual funds.

Satish Kaushik/Mint

Says Prothi, “I invest in mutual funds through systematic investment plans and for the past many years they have been giving me good returns." She doesn’t like fixed deposits because she thinks at the end of the tenor, inflation eats into the returns. She says, “Infrastructure bonds are also not an attractive investment for those in the salaried class like me. These bonds will never come to my rescue if I am stretched for cash."

Budget Impact: No impact on mutual funds as such so Prothi doesn’t need to shift gears in terms of planning for her investments and portfolio.

I would continue to invest directly in mutual funds as of now, instead of going for the Rajiv Gandhi Savings Scheme that was announced in the Budget or equity-linked savings scheme. Saving taxes by paying the price of a lock-in period of three years doesn’t make sense to me.

-Meenakshi Koul Prothi, Area development manager, Kumon India Education Pvt. Ltd

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Nikhil Vora, managing director, IDFC Securities Ltd

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D. Kannan, managing director, Kotak Securities Ltd

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Prashant Jain, chief investment officer, HDFC Asset Management Co. Ltd

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Nandkumar Surti, chief executive officer and MD, JPMorgan Asset Management India Pvt. Ltd

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