• 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.


ELSS versus ULIPs: Which is the better tax saving option? The imposition of 10 percent tax on LTCG earned on mutual funds could be a trigger for ULIPs
Wed, 29 Aug 2018 07:52:27 +0530


Garden Reach Shipbuilders IPO to open on September 24: 10 key things to know Garden Reach Shipbuilders#39; aggregate order book as of July 2018 was Rs 20,313.61 crore, comprising gross order value in the shipbuilding segment, engineering segment and the engine segment.
Sun, 23 Sep 2018 13:31:20 +0530


Subscribe to Garden Reach Shipbuilders  Engineers Ltd: GEPL Capital GEPL Capital has come out with its report on Garden Reach Shipbuilders Engineers Ltd. The research firm has recommended to "Subscribe" the IPO in its research report as on September 19, 2018.
Fri, 21 Sep 2018 13:42:24 +0530


Subscribe to Aavas Financiers: Cholamandalam Securities Cholamandalam Securities has come out with its report on Aavas Financiers. The research firm has recommended to "Subscribe" the IPO in its research report as on September 19, 2018.
Fri, 21 Sep 2018 13:29:55 +0530


Subscribe to Aavas Financiers: Cholamandalam Securities Cholamandalam Securities has come out with its report on Aavas Financiers. The research firm has recommended to "Subscribe" the IPO in its research report as on September 19, 2018.
Fri, 21 Sep 2018 13:29:55 +0530


Dinesh Engineers IPO to open on September 28, price band set at Rs 183-185/sh Dinesh Engineers will utilise net issue proceeds for expansion of business by setting up of further OFC network under IP-1 license; fund expenditures towards general corporate purposes; and to meet public issue expenses.
Wed, 19 Sep 2018 13:40:17 +0530


IRCON International IPO subscribed 49% so far, retail investors lap up issue completely The public issue comprises an offer for sale of 99,05,157 equity shares by the Government of India. Retail investors and eligible employees will get shares at a discount of Rs 10 per share on the final offer price.
Tue, 18 Sep 2018 13:11:44 +0530


Subscribe to Ircon International: SPA Research SPA Research has come out with its report on Ircon International. The research firm has recommended to "Subscribe" the IPO in its research report as on September 12, 2018.
Mon, 17 Sep 2018 12:58:07 +0530


Avoid Garden Reach Shipbuilders  Engineers Ltd: Choice Broking Choice Broking has come out with its report on Garden Reach Shipbuilders Engineers Ltd. The research firm has recommended to "Avoid" the IPO in its research report as on September 15, 2018.
Mon, 17 Sep 2018 12:51:28 +0530


IRCON International IPO opens: Should you subscribe? At the higher price band of Rs 475 per share, IRCON#39;s share is valued at a P/E multiple of 10.9x (to its restated FY18 EPS of Rs 43.8), which shows the issue is attractively priced at current levels, brokerages said.
Mon, 17 Sep 2018 08:11:57 +0530


IRCON International IPO to open on September 17; 10 key things to know before investing IRCON International would be the 9th company coming out with public issue in current financial year 2018-19 while it would the second company from Government of India coming out with IPO under divestment programme.
Sat, 15 Sep 2018 08:24:31 +0530


Subscribe to Ircon International: Mehta Equities Mehta Equities has come out with its report on Ircon International. The research firm has recommended to "Subscribe" the IPO in its research report as on September 14, 2018.
Fri, 14 Sep 2018 15:54:15 +0530


Subscribe to Ircon International: ICICI Direct ICICI Direct has come out with its report on Ircon International. The research firm has recommended to "Subscribe" the IPO in its research report as on September 12, 2018.
Wed, 12 Sep 2018 17:04:19 +0530


CreditAccess Grameen shares to list on Thursday The portion set aside for qualified institutional buyers (QIBs) was subscribed 5.52 times, while that of non institutional investors was 98 per cent and retail investors witnessed a subscription of 88 per cent.
Tue, 21 Aug 2018 19:36:05 +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