• Financial Planning

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

  • Mutual Funds

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

  • Time for changes

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

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.


Regular investing in MF schemes reached a new milestone, with SIP accounts crossing 4 crore and SIP AUM reaching an all-time high of Rs 483,964 crore
Fri, 09 Jul 2021 12:12:17 +0530


The stock closed at Rs 125.85 on BSE, up 65.59 percent with respect to the issue price, while on NSE, the stock closed at Rs 125.30, up 64.87 percent against the stock#39;s issue price of Rs 76.
Fri, 23 Jul 2021 10:00:26 +0530


Glenmark Life Sciences IPO: The company plans to raise Rs 1,497.85 crore at the lower end and Rs 1,513.6 crore at the higher end of the price band.
Thu, 22 Jul 2021 09:35:46 +0530


Glenmark Life IPO: The IPO comprises a fresh issue of Rs 1,060 crore and an offer for sale of 63 lakh equity shares by promoter Glenmark Pharmaceuticals
Wed, 21 Jul 2021 08:21:28 +0530


Tatva Chintan IPO: The company shares traded at a premium of Rs 700-750 in the grey market at time of writing this copy
Tue, 20 Jul 2021 11:46:16 +0530


The Rs 963-crore public issue of the road engineering, procurement and construction company was subscribed 102.58 times
Mon, 19 Jul 2021 18:02:00 +0530


Siddhartha Khemka of Motilal Oswal expects Clean Science to do well post listing, given the huge response to the IPO, robust financials and a growing demand for companies in green chemicals
Mon, 19 Jul 2021 17:32:00 +0530


Despite the better-than-expected listing gains, experts advise remaining invested in the stock for the long-term given the company#39;s strong financials and fundamentals, international presence, and leading position in several critical products.
Mon, 19 Jul 2021 16:19:45 +0530


Given the stellar debut, experts advise short-term investors to book profits. However, long-term investors can hold the stock. New investors, or existing investors looking to add to their position, should wait for a more opportune time, they say.
Mon, 19 Jul 2021 15:14:43 +0530


The specialty chemical company opened its IPO for subscription on July 16. It was subscribed 4.5 times on the first day of bidding.
Mon, 19 Jul 2021 11:38:20 +0530


Clean Science IPO: The company manufactures functionally critical specialty chemicals such as performance chemicals, pharmaceutical intermediates, and FMCG chemicals.
Mon, 19 Jul 2021 10:00:42 +0530


GR Infra IPO: The company is well placed to meet its funds requirement for growth with low debt and ready monetizable assets, said Yes Securities.
Mon, 19 Jul 2021 10:00:38 +0530


Strong financials, growth potential, dominant position and potential play on green chemistry has helped Tatva Chintan IPO garner huge interest
Sat, 17 Jul 2021 09:59:08 +0530


The specialty chemical company is planning to raise Rs 500 crore through public issue which comprises a fresh issue of Rs 225 crore and an offer for sale of Rs 275 crore by promoter and promoter group.
Fri, 16 Jul 2021 15:04:52 +0530


Hem Securities has come out with its report on Tatva Chintan Pharma Chem. The research firm has recommended to #39;#39;Subscribe#39;#39; the ipo in its research report as on July 15, 2021.
Fri, 16 Jul 2021 14:33:51 +0530


Motilal Oswal has come out with its report on Tatva Chintan Pharma Chem. The research firm has recommended to #39;#39;Subscribe#39;#39; the ipo in its research report as on July 15, 2021.
Fri, 16 Jul 2021 14:14:57 +0530