The Union Budget 2022 aims to foster long-term wealth creation through substantial infrastructure investments, with highlights such as the PM Gati Shakti plan for enhanced multi-modal connectivity. Economic forecasts indicate a growth rate of 9.2% for FY 2022, while fiscal deficit is projected between -6.2% to -6.4% in FY 2023. The budget introduces a new 30% tax on virtual digital assets and emphasizes increased customs duties to bolster domestic manufacturing, alongside policy reforms for improved ease of doing business.

1. Union Budget 2022
Inspiring Case Story
5 Must Do SIPs for
2022
Newsletter
Highlights
Market Indicator
From an investor point of view this budget has set a good tone for long term
wealth creation by investing in Indian economy. This budget was presented
in a real professional style where clear focus was provided to capital
expenditure and virtual assets. No where during her speech, the FM
acknowledge the destress in the economy.
As a common man you should understand that government has initiated
some long term but very powerful steps, which could take the economy on
the higher scale. PM Gati Shakti Plan is going to the keyword from this
budget. Gati Shakti is a national master plan for multi-modal connectivity,
essentially a digital platform to bring 60 ministries including railways and
roadways together for integrated planning and coordinated implementation
of infrastructure connectivity projects. This will facilitate the last mile
connectivity of infrastructure.
We have allocated a special chapter on "Budget 2022", in this issue of our
Newsletter. Hope this will help you in terms of managing your investment
outlook ahead.
Best Wishes,
Trinath Lenka
A FORWARD LOOKING BUDGET FOR
LONG TERM GROWTH
JANUARY 2022
INVESTMENT KNOWLEDGE CENTER
A MONTHLY NEWSLETTER TO MANAGE YOUR PERSONAL FINANCE
Mr. Trinath Lenka
Managing Director
Wallet Finserve Pvt Ltd
JANUARY 2022 01

2. Lets take a quick look at the current status of the economy
GDP INFLATION
RUPEE FISCAL DEFICIT FDI
The growth is estimate at 9.2% for FY 2022. The
industry growth is estimated to be the fastest by
around 11.8%. Exports is expected to be the
biggest growth driver.
What to expect in FY 2023 : Growth may stabilize
between 8 - 8.5% and economy will do well.
Indian rupee depreciated by
3.4% in the FY 2022
What to expect in FY 2023 :
Rupee may remain volatile
due to inflation and fiscal
deficit.
FDI inflow was slightly lower
than FY 2020, Net FDI inflow
was 24.7 Billion $
What to expect in FY 2023 : FDI
expected to remain tight due to
interest rate fluctuation in
advanced countries
CHAPTER 01 UNION BUDGET 2022
MARCHING
TOWARDS
WORLD
SUPER POWER
JANUARY 2022 02
At the end of the year 2021 inflation was on a
higher side with around 5.6%.
What to expect in FY 2023 : Inflation is not a
bigger worry for FY 2023 because of elevated
global energy prices.
Fiscal deficit reached 46.2% of the
full year target due to rise in tax
collection. The deficit for 2022 is
close to -7%.
What to expect in FY 2023 : Fiscal
deficit is expected to be in the
range of -6.2 to -6.4%.
What is contributing to growth ?
India's major recovery is coming from government infra spending strong capital inflows and impressive
vaccination numbers.
Strong international trade tie-ups.
Robust foreign reserve
Infra Spending
Impressive Vaccination Rate
What pulled the growth up ?
Possibility of New surge in COVID infection.
Rising Inflation
High Fiscal deficit
Poor employment
Poor credit growth
What pulled the growth down ?

3. This budget seems to be a good booster for infrastructure,
education, banking and agriculture. FM also emphasis on faster
implementation of digital rupee and digital university to give special
push for digitalization. All these actions may increase the capital
expenditure allocation in public schemes and generate higher
employment.
Under her speech related to climate change and sustainability she
focused on renewable power by way of facilitating domestic
manufacturing for solar TV modules. She also mentioned govt,
special push for electric vehicle, gift city and sovereign green bonds.
any sum of money received by an individual from any person towards covid-19 medical treatment for self or
family, will be exempted from tax.
Any sum received by a member of the family of the deceased employee on account of COVID19, will be exempted
from tax.
The surcharge on all type of LTCGs will be caped at 15%.
Summing up this budget covered almost everything which could contribute towards growth and pullup the economy
faster, like Hospitality Sector, Banking Sector, Telecom, Manufacturing Sector and all got some good announcement
in their favour.
What are the changes under individual taxes ?
As such there is no change in the income tax slab in the budget however government announced some extra
exemptions in the tax filing process.
like :-
A new tax is introduced on virtual digital assets at the rate of 30% w.e.f. FY 2022-23. The gift of virtual digital asset
is also taxable.
What are the changes in indirect taxes ?
FM announced her intent to increase domestic manufacturing by way of increased custom duty. Hence there are
many goods in which custom duty is increase like artificial jewelry, artificial kidney, solar cells, toys, headphones,
loud speaker, transformers, x-ray machine etc. This will give a boost to make in India initiatives.
Besides these, FM also announced a lot of policy pointers towards ease of doing business like integration of central
and state level system, active involvement of the state, Digitalization of process, better insolvency law and single
window green clearance etc.
BUDGET
JANUARY 2022 03
Finance Minister Nirmala Sitharaman
Presented her budget which was based on 7 key priorities.
PM Gati Shakti master plan
Inclusive development
Productivity enhancement
Sunrise opportunities
Energy Transition
Climate Action
Financing of Investments
The key takeaway from this budget for a mutual fund investor or general investors is :-
"Higher infrastructure spending" FM announced
various initiative under PM Gati Shakti Plan and
clearly widened the gamut of infrastructure sector.
Hence one should look at investing in such infra
companies which are directly or indirectly getting
benefited from such announcements.
Digital push to financial services is another big
announcement and policy updates which could
improvise the over all banking and financial services
eco system.

4. e-passport issuance using embedded electronic
chips and futuristic technology to be rolled out.
Battery swiping policy for electric vehicle a good
thrust to automotive sector.
Green bonds for green infrastructure and reduce
carbon intensity is another big policy decision.
Promotion of Drone Shakti by way of startups.
Ayushman Bharat Digital Mission for national digital
health eco system has been rolled out.
Summing up it was a good budget on macro basis, which offers many opportunities for long term investors. Analyst
believe that there will be lot of investment attraction in funds which are based on IT, Banking, Infra and Indian
manufacturing. Hence as an investor one should take the exposure via lumpsum or SIP route, into such funds.
Given below are the chart for various mutual funds under these attractive category :-
JANUARY 2022 04

5. GDP
RUPEE
CHAPTER 02 MARKET INDICATORS
F O R M O N T H E N D I N G J A N U A R Y 2 0 2 2
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6. CHAPTER 02
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7. CHAPTER 02
JANUARY 2022 07
Source - Morning Star as on 31st Jan 2021
NOTE: This is not a single scheme Fund Performance, this is an Avg. Performance of all the funds in same Category across the MF Industry. However
Performance may be different for different scheme under same category, Pls check with your advisor for the TOP Performing funds in above category for
last one year)

8. GDP
RUPEE
CHAPTER 03 INSPIRING STORY
M R . N E E R A J
JANUARY 2022 08
Lower Lock -in period of 3 Years : Its becomes open for redemption only after 3 years. Investors can
continue to remain invested for as long as they wish
Tax efficient gains : All the gains are treated under Long term Capital Gain
Tax Benefit : It offers investors a tax deduction (Individuals and HUF) for an investment of upto Rs 1.5
lac which is allowed under Sec 80 C of Income tax Act 1961
Possibility of Higher returns : Although this scheme is categorised under High Risk due to its
investment nature, this also opens the possibility of Higher return.
This is yet another inspiring story of smart investments, where the Risk- Reward ratio is properly
calculated and adopted by our client Mr Neeraj Jain, aged 44 Yrs.
When we met him around 10 Years back, he discussed about his annual savings in PPF. He was very happy
with this guaranteed return feature of PPF and was really satisfied with the steady accumulation of funds in
his passbook. He was excited about his target value of around Rs 39 Lakhs in 15 Years (by way of monthly
contribution of Rs 12000 per month) . Hence he was quite keen in opening another PPF account in his
wife's name.
The whole discussion started when we presented him a post inflation value of this Rs 40 lakhs after 15
Years - it would be not more than Rs 18 Lakh ( assuming an inflation of 6% p.a). So the key question in
front of Neeraj was , " Where to invest his funds to beat this inflation, get Tax benefits same as PPF and
lock-in less than or equal to PPF ? " .
We presented him this unique product called as ELSS ( Equity Linked Savings Scheme). ELSS MF schemes
have following features as compared to PPF :
Lesson : If you have a long term investment tenure and looking for Tax saving under
section 80 C, then ELSS is the best choice. We are here to help you and motivate you at
every stage. Call freely at 9238000131 or email us at trinath.lenka@wallet4wealth.com
Disclaimer : The name of the Schemes shown in above table are specific to this case story of Mr. Neeraj; and it is should not be a
taken as recommendation or advice from our side. You are advised to select your SIP according to your risk profile and
investment tenure. The minimum investment to start an SIP is Rs. 500 per month. Mutual Fund investments are subject to market
risk. Please read the offer document carefully before investing.
PPF IS GOOD BUT ELSS MF ARE BETTER
NEERAJ OPENED A SIP OF RS 12000 PER MONTH IN ELSS SCHEMES, AROUND 10
YEARS BACK. GIVEN BELOW IS THE RESULT OF HIS INVESTMENTS AS ON DATE :

9. Disclaimer : Mutual Fund investments are subject to market risks. Read all scheme related documents carefully. The
NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market
including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of
future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the
schemes and the same is subject to the availability and adequacy of distributable surplus.
CHAPTER 04 TOP SIP THEME FOR FY22
Infrastructure theme :
PM Gati Shakti Master Plan will be the key driver for the next
few years, in Indian economy. We have discussed the details
in our Chapter 1 of this newsletter and suggest our readers
to explore more about this theme through our upcoming
communications
You must start some additional SIP or put a Top up in your
existing SIP related to this theme. Such funds are called as
Infrastructure Funds
Banking , Financial Services and Digitalisation :
Government is very clear about its speed and implementation strategy
related to the Banking, Money Transactions and Digital adoption. With
this new age working eco systems we expect a low cost but robust
growth in the sector.
You must start some additional SIP or put a Top up in your existing SIP
related to this theme. Such funds are called as Banking, Financial
Services Funds and Digital Funds
Manufacturing, Energy and Climate control theme :
This budget has greater focus on renewable energy and Climate control. This gives way to companies working on ESG theme ( Economic,
Social and Governance). Hence we assume that such funds will surely be the winner in days to come.
You must start some additional SIP or put a Top up in your existing SIP related to this theme. Such funds are called as ESG Funds and
Manufacturing Funds
JANUARY 2022 09
+91-9238000131
trinath.lenka@wallet4wealth.com
www.wallet4wealth.com
Plot No-271, 1st Floor, Kharvel Nagar,
Bhubaneswar, Odisha, India

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