Chakri Lokapriya MD, TCG AMC on Bloomberg Quint -February 14, 2018 :Savers Caught in Stampede as Indian Fund-Returns Turn Negative

The Sensex will return about 8 percent to 10 percent this year after the introduction of the long-term capital gains tax, predicts Chakri Lokapriya, who helps oversee $3 billion as managing director at TCG Asset Management. That’s lower than the 10-year average of about 12 percent.

Moreover, “diminished overseas flows due to the LTCG is likely to make capital availability tighter for corporates, lowering their equity return potential and thus less rewarding for a domestic middle class saver,” he said by email.