Aditya Birla Sun Life Mutual Fund

2019: Year in Review

Dec 27, 2019
3 mins | Views 13008
  • India’s Slowing GDP Expansion

    Once hailed as one of the fastest-growing global economies, the Indian Economy faces tough financial challenges1

  • Series of Regulatory Steps to Boost Economy

    Rollback of Super-rich surcharge on FPIs; A special package to ease out the auto sector; More capital infusion into the Public Sector Banks2

  • Government Announces Lower Business Tax Rates

    Corporate tax rate cut to 22% from 30% for existing companies and 15% from 25% for new manufacturing units3

  • Start-ups Get a Break from Angel Tax

    Relief introduced for registered start-ups by removing Angel tax, thereby promoting the local start-up ecosystem4

  • Exit for “Brexit”

    The everlasting demand for Brexit delayed yet again until January 31, 20205

  • India Climbs Ease of Business Doing Rankings

    India moves 14 places higher to rank 63rd from 77th in the World Bank’s Survey for the ease of doing business6

  • Stock Market: From Losing Gas to All-Time Highs

    The Indian stock markets lost their momentum because of multiple macro-economic factors only to jump back to new heights towards the end of the year7

  • Non-Bank Financial Companies Face Litmus Test

    With some leadings NBFCs failing on their financial obligations, the NBFC segment faces regulatory pressure & scrutiny for lending standards8

  • The US & China Rage a Trade War

    The tensions between both the nations rose to new heights with the US & China imposing detrimental trade restrictions on each other9

  • Gold: Making New Price Records

    Gold makes its maiden run to new record prices in 2019, growing over 23% in the past 12 months10

  • REITs Make Debut in India

    Indian investors welcome the country’s first REIT, with the trust recording ground-breaking returns in the first few months.11

SOURCE:

1 https://www.indiatoday.in/business/story/gross-domestic-product-growth-falls-4-5-per-cent-q2-2019-20-1623733-2019-11-29

2 https://economictimes.indiatimes.com/markets/stocks/news/nirmala-sitharaman-announces-measures-to-boost-economy-key-highlights/articleshow/70806668.cms

2 https://www.thehindubusinessline.com/economy/super-rich-surcharge-for-equity-investors-rolled-back-csr-violations-not-be-a-crime/article29236570.ece

2 https://www.business-standard.com/article/news-cm/govt-announces-upfront-capital-infusion-of-rs-55250-crore-in-public-sector-banks-119083001086_1.html

3 https://economictimes.indiatimes.com/news/economy/policy/corporate-tax-slashed-for-domestic-companies-and-new-domestic-manufacturing-ompanies/articleshow/71213356.cms

4 https://m.economictimes.com/small-biz/startups/newsbuzz/no-angel-tax-for-dpiit-registered-startups-fm-nirmala-sitharaman/articleshow/70806134.cms

5 https://www.bbc.com/news/uk-politics-46393399

6 https://timesofindia.indiatimes.com/business/india-business/india-moves-up-14-spots-to-63-on-world-banks-ease-of-doing-business/articleshow/71731668.cms

7 https://economictimes.indiatimes.com/markets/stocks/news/sensex-nifty-scale-fresh-record-highs-4-factors-driving-the-market-rally/articleshow/72830280.cms

8 https://www.business-standard.com/article/companies/nbfcs-face-tough-times-struggle-with-funds-as-banks-turn-risk-averse-119050100056_1.html

9 https://www.china-briefing.com/news/the-us-china-trade-war-a-timeline/

10 https://www.indiatoday.in/business/story/gold-hits-fresh-all-time-high-of-rs-39-670-silver-soars-rs-1-450-1591779-2019-08-26

11 https://economictimes.indiatimes.com/markets/stocks/news/embassy-office-parks-reit-distributes-rs-463-crore-to-unitholders/articleshow/72017952.cms?from=mdr

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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