81 percent distributors feel Sensex will touch 40000 in 3 years: Birla Sun Life

Birla Sun Life Mutual Fund conducted a survey of 400 IFAs to find their expectations from the upcoming budget.

A survey conducted by Birla Sun Life Mutual Fund among 400 IFAs across India showed that an overwhelming majority of IFAs (81%) felt that BSE Sensex is likely to touch 40,000 in the next three years. 

Here are the other key findings of the survey:  

1. 90% of distributors think Union Budget 2014 will be progressive
2. 53% of distributors think in Union Budget 2014 government will enhance the existing limit in 80C where as 42% think they will introduce new formats of investments
3. 49% of distributors think gold will stay around Rs. 26,000 post Union Budget 2014 release, 28% think it will go down around 20,000 levels
4. 57% of distributors think real estate will head to 10% annualized returns, where as 15% think it will head to 20%
5. 41% of distributors think fiscal deficit will drop to 3.5%-4%, where as 27% think it will remain constant at 4%-4.5%
6. 37% of distributors think 10 year Gilt security will head to 7%-8% will, where as 36% think it will be 6%-7%