Hope you had consumed enough headlines about the budget and how it positively impacted markets.(which is a short term phenomenon)

I like to highlight a few pointers for your reference.

After a long time there is transparency in presenting the budget numbers.

A promise to deliver spend on infra, health, nutrition to promote domestic jobs and growth. Many other measures to revive stressed financial eco system. These are welcome ideas. However the success depends on its proper execution.

Keeping aside the listed corporate space, there is lot of stress in micro, SME, and other informal sector whose contribution is close to 50% of GDP. Need concrete efforts by govt and other institutions support to bring them back on track.

There are no changes in taxation for individuals.

For general tax payers, the facility of pre-filled tax forms with details of capital gains, dividends and interest income in order to simplify annual tax returns.

Other notable change is interest exemption on Employees Provident Fund will now be limited to 2.50 lakh per annum.

Franklin Templeton Update: Court orders disbursal of available funds to unit holders. More than 9000 crores ready for disbursal.

Central bank stimulus fueling the rally in equity markets globally. Any withdrawal down the lane will have impact on markets in the short term. In the long run it is only earnings which will drive markets.

Stick to your process. Maintain your asset allocation. And more importantly do not worry about declining portfolio values in corrections and feel over optimistic in rising markets. Have balanced view in return expectations.

Market movements should not drive your investment decisions, rather one should invest based on one’s goals and requirements giving due importance to valuations. Have debt allocation in your portfolio’s.

Let me know in case of any further information.