Why should you invest in this smallcase?

Affordable housing refers to existing and future housing units that come under the Pradhan Mantri Awas Yojana (PMAY), which was launched in 2015.


  • The scheme was launched with the aim of building 2 crore affordable houses over a period of 7 years for the lower income segment
  • Budget 2020-2021 allocation to PMAY increased by 8% to ₹27,500 crores
  • Affordable housing projects were granted ‘infrastructure status’ earlier in Budget 2017, which ensured lower cost of borrowing for developers, thus encouraging them to take such projects
  • Developers engaged in affordable housing projects also do not have to pay GST
  • Affordable housing projects can avail a tax holiday till 31st March, 2022. Tax exemption for notified Affordable Rental Housing Projects will also continue for 1 more year.
  • The additional deduction of ₹1.5 lakh shall be made available for loans taken up till 31st March 2022, for the purchase of an affordable house.
  • These measures are expected to increase the demand for affordable houses and corresponding loans.


This smallcase consists of stocks from segments like housing finance companies focused on financing low and middle income segments, real estate developers constructing affordable houses and cement & building products companies.



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Factsheet 

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Created by Windmill Capital

Past Performance vs 

1m1y3y5ylivemaxSIP
Value of ₹ 100 invested once on
inception of this smallcase

Mar 3, 2014

would be
Affordable Housing
₹ 511.39
Equity Mid & Small Cap
₹ 443.79
2015201620172018201920202021100200300400500

Launch

Note: Past performance graph includes changes due to rebalance, events like stock splits & mergers. Also, past performance doesn't guarantee future returns