BUDGET 2026 EXPLAINED : What Changed for Investors, Traders & Taxes | Nirmala Sitharaman | FWS 94

"But now arbitrage fund will get impacted. The return in arbitrage fund might get impacted. Why? Because they buy in let's say future and have a position in the cash market. So they try to take the benefit of the opportunity of that arbitrage. But the cost has increased now. So the return henceforth you will see get impacted in the arbitrage fund."

"Uh and the second thing which uh makes me feel that mutual fund categories like arbitrage is definitely going to be a detriment"

"I'm reasonably confident that equities especially small caps now if you ask me"

"If frequency increases and if I don't even participate in that buyback that means that company is buying out its shares which is a very good positive sign. So now how does one trader derive a strategy out of what I just said so that it does not remain academic. You can look at all the NSE small cap 250 companies which have fallen the most. look at their balance sheet who has got maximum cash. those are the guys with a higher probability to announce a buyback because they want their share to go up or they want to distribute it and now they found a very efficient method to distribute this money cost effectively to a common shareholder."

"So from 1st April 26, if I go for a buyback and let's say the buyback price I'm getting is three lakh rupees and the cost of my that particular shares are two lakh rupees. So I have to pay capital gain only on one lakh and not only that that's consider that as a long-term I'm holding for more than 12 and a half months or 12 months and then I'm offering this for a buyback. So I I will pay 12.5% tax. Not only that you know that in my long-term capital gain I don't have to pay tax up to 1 lakh 25,000 per person per pan this is exemption exemption right so if I give you in this example 3 lakh rupees is a buyback value 2 lakh is my cost so one lakh is my gain on this buyback on that I will pay 12.5% but if the total gain during the year is less than 1.25 25 but is not X. M so again this is a win-win and it's a great change I would say though people are not anticipating how big it is you will see next financial year"

"So from 1st April 26 I go and surrender at the redemption to government and I have bought it. When you mean government RBI RBI because they will ask for the maturity when there is a due after the 8 years let's say you have invested for 5 years and remaining 3 years is with me. Okay. So for me is also till now tax exempt but from 1st April 26 it's changing. So I have to pay tax on that because I'm a secondary holder and not the primary holder. Oh so that's a big change. So from tomorrow onwards I think SGB will have a less traction. That's a big thing. Why? Because nobody want to buy SGB now because there is no benefit in the buying in a secondary market from the DMAC."

"So now I am expecting from Monday which is tomorrow onwards which which is from the next day from the budget the liquidity in the SGB once people come to know should dry up"

"Auto has done really well the last. So will that continue to happen? To my mind, yes."

"uh rail and railways associated stocks are are not so frothy. Okay, I don't want to mention stocks because I'm not qualified. Yeah, that's one space where you it's good to fish there. That's a pond you would like to fish in."

"okay cement stocks some cement stocks will do phenomenally well in my belief especially if they are in nifty"

"If you are a filing ITR 1 and two your due date going to be 31st July. If somebody like you and me filing ITR 3 because we are business and profession that has shifted to 31st of uh August instead of July. you get one more month from this year onwards when you go and file return for financial year 2526 in July 26. So for you and me because we are filing ITR 3 the due date is 31st of August instead of July. But if somebody is only sell right and having capital gain who are filing typically ITR 1 and two the due date is 31st July only."