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Expect 15% returns from mkt this year; like IT: Samir Arora

The biggest takeaway of Budget 2015-16, according to Helios Capital’s Samir Arora is how certain sectors will be killed and rightly so, example, real estate. He says the biggest beneficiary of black money in India is real estate and gold. Arora says he did not see many positives for realty in the Budget.

The biggest headline that everyone missed was minister of state for finance Jayant Sinha saying last year’s fiscal deficit was not 4.1 percent, but was more close to 5.5 percent, and everyone unquestioningly accepted the 4.1 percent number when it was put out, is the word coming in from Samir Arora, founder and fund manager at Helios Capital. Keeping that in mind, fiscal deficit at 3.9 percent instead of 3.6 percent does not matter, he says.

The biggest takeaway of Budget 2015-16, according to him, is how certain sectors will be killed and rightly so, example, real estate. He says the biggest beneficiary of black money in India is real estate and gold. Arora says he did not see many positives for realty in the Budget.

According to him, the government has taken positive steps with respect to macro India concept.

Coming back to the market, he expects returns of around 15 percent from the market this year. He is  bullish on sectors such as IT, pharma, consumer durables and NBFCs. He prefers private sector banks over public sector ones.

Stay tuned for more…

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