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'5% portfolio should be infra'

Mint, Hindustan Times and NDTV, bring you a personal finance show, "Let's Talk Money". The weekly call-in show, anchored by Monika Halan, editor, Mint Money, and Manisha Natarajan, editor and senior anchor, special programmes, NDTV, aims to answer viewers' questions about money-related issues. Here are edited excerpts from the show that aired over the weekend on NDTV Profit and NDTV 24x7.

india Updated: Mar 06, 2011 21:22 IST

Mint, Hindustan Times and NDTV, bring you a personal finance show, "Let's Talk Money". The weekly call-in show, anchored by Monika Halan, editor, Mint Money, and Manisha Natarajan, editor and senior anchor, special programmes, NDTV, aims to answer viewers' questions about money-related issues. Here are edited excerpts from the show that aired over the weekend on NDTV Profit and NDTV 24x7.

Natarajan: We will hear some of your reactions to the budget. Let's get the first-cut reaction from Monika Halan, editor, Mint Money, and Navneet Munot, CIO, SBIMutual Fund. Navneet, the big one from your industry perspective - allowing foreign individuals and funds not registered with SEBI to invest in equities - will it increase flows in a big way?

Navneet: Yes, it's a very bold move. It also shows the commitment towards further opening up of the capital account. In terms of immediate flow of money, I think it will take time. We need to look at KYC (know-your-customer) regulation in individual countries.

Natarajan: Monika, so huge depth will come in, but will take some time. What has prevented that depth from coming so far?
Halan: I would have been happier if they would have done something to get domestic money into domestic markets. We have seen that people want to invest, they don't trust the advisers, they don't trust the bank. I don't understand why people can't fix this handshake problem between people with money and funds, so what about Indian guys? We are not getting benefit of our growth.

Kaanadh Godse, 30, IT professional, Bangalore: Is it a good idea to invest in infrastructure bonds?
Halan: The rates of interest you are getting are not bad at all. You are getting 10% and 18% in certain post-tax calculation, so yes, people should get into that bond. At least 5% of your portfolio should be in infrastructure.