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  • Financial Planning

    In finance, investment is putting money into an asset with the expectation of capital appreciation.

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    When it comes to the world of investing, three words come to mind: overwhelming, intimidating, and scary.

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    Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows.

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    The stock market is filled with individuals who know the price of everything, but the value of nothing.

Nri Corner

Who is a Non-Resident Indian (NRI)? 
A non-resident Indian (NRI) is an Indian citizen or a person of Indian origin who stays abroad for employment, business or vocation outside India, or stays abroad under circumstances indicating an uncertain duration.

Who is a Person of Indian Origin (PIO)?
A Person of Indian Origin means a citizen of any country (other than Bangladesh or Pakistan), if the person: (a) at any time held an Indian passport; or (b) or the persons parents or grandparents were citizens of India; or (c) is a spouse of an Indian citizen, or of a person referred to in (a) or (b) above.

Other terms with vaguely the same meaning are overseas Indian and expatriate Indian. In common usage, this often includes Indian-born individuals (and also people of other nations with Indian ancestry) who have taken the citizenship of other countries.

According to Ministry of Overseas Indian Affairs, India has the second largest diaspora in the world after Overseas Chinese . The overseas Indian community estimated at over 25 million is spread across every major region in the world.

Who is a Foreign Institutional Investor (FII)?
An FII is an institution established or incorporated outside India which proposes to invest in Indian securities and is registered with SEBI.

Who is an Overseas Corporate Body (OCB) ?
An OCB includes overseas companies, partnership firms, societies and other corporate bodies owned predominantly by non-resident persons of Indian nationality or origin outside India.

Can an NRI maintain a bank account in India?
Yes. NRIs can maintain accounts in rupees as well as in foreign currency.

What types of rupee accounts may NRIs maintain?
There are 4 types:
1. Non-resident (External) Rupee Accounts (NRE)
2. Non-Resident (Special) Rupee (NRSR) Account
3. Ordinary Non-resident Rupee Accounts (NRO)
4. Non-resident (Non-repatriable) Rupee deposit accounts (NRNR)

What are NRE, NRO and FCNR accounts? 

Non-Resident (External) Rupee (NRE). This is a Rupee account from which funds are freely repatriable. It can be opened with either funds remitted from abroad or local funds which can be remitted abroad.

Non-Resident Ordinary Rupee (NRO). This is a Rupee account and can be opened with funds either remitted from abroad or generated in India. These funds are non-repatriable. However, under certain circumstances, these are allowed to be repatriated.

Fully Convertible Non-Resident Rupee (FCNR). This account is similar to the NRE account except that the funds are held in foreign currencies and can be maintained in Pound Sterling,U.S. Dollar, Euro and Japanese Yen. FCNR accounts can be maintained only in the form of term deposits, i.e. a deposit kept for fixed periods ranging from 6 months to 3 years.

How do NRE, NRO and NRSR accounts differ? 
Balances held in NRE accounts can be repatriated abroad freely, whereas funds in NRSR and NRO account cannot be normally remitted abroad but have to be used only for local payments in rupees. Consequently, funds remitted from abroad or local funds which can otherwise be remitted abroad to the accountholder can only be credited to NRE accounts.

Market Watch
  • MF News
  • IPO News

Concerned about your SIP returns? Here’s what you need to know Don#39;t worry if your SIP in equity mutual funds over the past 8-12 months is showing negative returns. This could be the best thing that ever happened to your portfolio
Thu, 26 Jul 2018 08:02:27 +0530


Jitendra P.S.Solanki Which of these categories are an option they should explore further and which one of them is good to give a miss?
Wed, 25 Jul 2018 08:04:34 +0530


Joydeep Sen When the instrument matures after a month or two, or when the fund gets fresh subscriptions, that quantum is invested at the then prevailing yield levels.
Wed, 11 Jul 2018 07:49:40 +0530


How MF ratings are changing after SEBI#39;s fund reclassification With the reclassification of mutual funds, there will be a change not only in basis of arriving at performance ratings by rating agencies, but also in the method of analysis to be adopted by the investors while reviewing the performance of the schemes for making investment decisions.
Tue, 10 Jul 2018 11:05:21 +0530


Mrs Bectors Food Specialities files Rs 800 crore IPO papers The IPO will see sale of shares to the tune of Rs 800 crore by existing shareholders and promoters, according to the draft red herring prospectus (DRHP) filed with Sebi.
Tue, 14 Aug 2018 16:26:05 +0530


Mazgon Dock Shipbuilders gets Sebi go ahead for IPO The public sector undertaking had filed draft papers with the Securities and Exchange Board of India (Sebi) in April seeking its clearance to launch an IPO and obtained its "observations" on August 10, according to the latest update with the markets watchdog.
Mon, 13 Aug 2018 20:36:05 +0530


CreditAccess Grameen IPO subscribed 2.22 times so far on last day of issue The IPO, worth Rs 1,131 crore, got bids for 4.17 crore shares against a total issue size of 1.88 crore shares, data available with NSE, as of 7 pm, revealed.
Fri, 10 Aug 2018 15:03:12 +0530


Subscribe to CreditAccess Grameen Ltd: Geojit Geojit has come out with its report on CreditAccess Grameen Ltd. The research firm has recommended to "Subscribe" the IPO in its research report as on August 07, 2018.
Wed, 08 Aug 2018 12:54:45 +0530


CreditAccess Grameen#39;s Rs 1,131-crore IPO opens: Should you subscribe? Majority of brokerage houses do not expect huge listing gains from the microfinance lender as they feel it is highly valued at current price band.
Wed, 08 Aug 2018 08:18:47 +0530


Subscribe to CreditAccess Grameen Ltd: Prabhudas Lilladher Prabhudas Lilladher has come out with its report on CreditAccess Grameen Ltd. The research firm has recommended to "Subscribe" the IPO in its research report as on August 06, 2018.
Tue, 07 Aug 2018 16:08:41 +0530


Subscribe to CreditAccess Grameen Ltd: Choice Broking Choice Broking has come out with its report on CreditAccess Grameen Ltd. The research firm has recommended to "Subscribe" the IPO in its research report as on August 03, 2018.
Tue, 07 Aug 2018 13:50:40 +0530


Subscribe to CreditAccess Grameen Ltd: Hem Securities Hem Securities has come out with its report on CreditAccess Grameen Ltd. The research firm has recommended to "Subscribe" the IPO in its research report as on August 06, 2018.
Tue, 07 Aug 2018 13:17:50 +0530


CreditAccess Grameen IPO to open on August 8; 10 key things to know before investing CreditAccess Grameen#39;s public issue comprises a fresh issue of up to Rs 630 crore and an offer for sale of up to 1,18,76,485 equity shares by the promoter, CreditAccess Asia N V.
Tue, 07 Aug 2018 12:13:01 +0530


Stellar Listing: HDFC AMC shares close above Rs 1,800, spikes 65% on Day 1 Individual who invested in the IPO of country#39;s second-largest mutual fund house earned Rs 715.15 on each share.
Mon, 06 Aug 2018 15:59:07 +0530


Stellar Listing: HDFC AMC shares close at Rs 1,815.15, spikes 65% on BSE Individual who invested in the IPO of country#39;s second-largest mutual fund house earned Rs 715.15 on each share.
Mon, 06 Aug 2018 15:59:07 +0530


Bumper Listing: HDFC AMC stock debuts at Rs 1,738, a healthy gain of 58% to issue price This is the fourth company from the HDFC Group listed on bourses after HDFC, HDFC Bank and HDFC Standard Life.
Mon, 06 Aug 2018 09:55:31 +0530


CreditAccess Grameen#39;s Rs 1,131-cr IPO to open on August 8, price band at Rs 418-422 NULL
Wed, 01 Aug 2018 16:45:30 +0530


Tepid debut: TCNS Clothing closes 8% lower at Rs 657.80 on Day 1 After opening at Rs 715 against issue price of Rs 716, it touched an intraday high of Rs 724.50 and low of Rs 626.60 on the BSE.
Mon, 30 Jul 2018 16:17:20 +0530


TCNS Clothing slips into red after flat debut at around Rs 716 TCNS Clothing opened flat at around issue price of Rs 716 and then slipped in to red with a percent loss.
Mon, 30 Jul 2018 10:07:18 +0530