Consumption funds: Budget boost and young spenders to drive theme

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Consumption funds: Budget boost and young spenders to drive theme - Business Standard

Quick Summary:

The Budget’s tax cuts, with an estimated revenue foregone of Rs 1 trillion, are expected to improve sentiment and have a multiplier effect on consumer demand.“Low-ticket consumer discretionary and travel should do well.

This is likely to provide a fillip to both consumption stocks and consumption-themed funds.

The large tax relief announced in the Union Budget is likely to boost consumption, with taxpayers expected to channel a significant portion of their savings into goods and services.