“One should look selectively in opportunities in the small & midcap space where growth outlook is good, cash flow generation history is strong, and valuations are reasonable. We believe that easy liquidity days are gone and therefore one should invest in companies with strong fundamentals trading at reasonable trailing multiples than where the thesis is based on future earnings while historical performance was weak.”
Higher capital gains tax: Who benefits the most?
Excluding tax havens such as Hong Kong, Singapore and the UAE, India’s capital gains tax remains one of the lowest globally, especially as the amount