Best days of mid-cap and small-cap segments are over: Samir Arora

Interview with founder and fund manager, Helios Capital

As expected, Budget 2018 has reintroduced long term capital gains tax (LTCG) on sale of equity shares, which SAMIR ARORA, founder and fund manager, Helios Capital believes is the real negative in among the proposals announced. Indian markets, he tells Puneet Wadhwa, will underperform global markets for the next few months. Edited excerpts:

What is your interpretation of the Budget 2018 proposals? And, do you think it is enough to boost India's economic growth and corporate earnings?

The 2018 budget focuses on the right issues, led by rural sector. It is clear that the Indian farmer and rural poor has not fully