India's high growth will help soften LTCG blow: Invesco MF's Taher Badshah

With the two major events — general elections and the Budget — now over, the equity market trajectory from here on out will largely depend on the earnings growth momentum, final monsoon reading, interest rates, and upcoming US and state elections, says TAHER BADSHAH, chief investment officer, Invesco Mutual Fund. In conversation with Abhishek Kumar, Badshah says that the hike in capital gains taxation is an adverse development, but given the high growth trajectory of domestic equities, it shouldn’t be a major worry. Edited excerpts:

From an equity standpoint, what stood out for you in the Budget?

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