Fund houses have hailed fiscal prudence measures anno-unced in the Budget saying that it signals a commitment to macroecono-mic stability, which will lead to an easy money policy going forward.
Fund houses have hailed fiscal prudence measures anno-unced in the Budget saying that it signals a commitment to macroecono-mic stability, which will lead to an easy money policy going forward.
“The Budget signals a commitment to macroeconomic stability. This will also open up space for monetary easing in the near future which is positive for the market,” HDFC Asset Management Company MD Milind Barve said.
SBI MF chief Dinesh Khara said the law to deal with the menace of illicit deposit taking schemes is also welcome as it will lead to further protection of the depositor interest and renew their faith in financial products.
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