• 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.


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How to fund your child’s education through mutual fund SIPs When parents start investing early through SIPs, they allow more time for their corpus to grow. Also, monthly outgo in the form of SIPs is lower than those investing late for the same amount of corpus
Wed, 23 May 2018 08:41:14 +0530


Fine Organic Industries Rs 600cr IPO subscribed 12% on Day 1 The company raised Rs 180 crore from anchor investors.
Wed, 20 Jun 2018 17:43:47 +0530


RITES IPO subscribed 0.6 times on Day 1 Price band for the issue has been fixed at Rs 180-185.
Wed, 20 Jun 2018 17:40:56 +0530


Subscribe to RITES: Hem Securities Hem Securities has come out with its report on RITES. The research firm has recommended to "Subscribe " the IPO in its research report as on June 19, 2018.
Wed, 20 Jun 2018 13:54:02 +0530


Subscribe to Fine Organics Industries Ltd: Hem Securities Hem Securities has come out with its report on Fine Organics Industries Ltd. The research firm has recommended to "Subscribe " the IPO in its research report as on June 19, 2018.
Wed, 20 Jun 2018 12:45:43 +0530


RITES IPO opens: Should you subscribe to the issue? Brokerages have highlighted the strong order book, steady cash flows as well as reasonable valuations of the issue to ‘subscribe’ to the issue.
Wed, 20 Jun 2018 09:20:45 +0530


Fine Organic IPO opens: Should you subscribe? The public issue comprises of offer for sale of 76,64,994 equity shares by the promoter group selling shareholders.
Wed, 20 Jun 2018 08:27:58 +0530


Subscribe to Fine Organics Industries Ltd: Ajcon Global Ajcon Global has come out with its report on Fine Organics Industries Ltd. The research firm has recommended to "Subscribe " the IPO in its research report as on June 19, 2018.
Tue, 19 Jun 2018 13:41:29 +0530


Subscribe to RITES: Mehta Equities Mehta Equities has come out with its report on RITES. The research firm has recommended to "Subscribe " the IPO in its research report as on June 19, 2018.
Tue, 19 Jun 2018 13:24:59 +0530


Subscribe to Fine Organics Industries Ltd: GEPL Capital GEPL Capital has come out with its report on Fine Organics Industries Ltd. The research firm has recommended to "Subscribe " the IPO in its research report as on June 19, 2018.
Tue, 19 Jun 2018 13:09:44 +0530


Varroc Engineering Rs 1,955-cr IPO to open on June 26 The IPO comprises sale offer of up to 18 lakh shares by promoter Tarang Jain, about 1.69 crore shares by Omega TC Holdings Pte Ltd and up to 16 lakh shares by Tata Capital Financial Services Ltd.
Tue, 19 Jun 2018 12:18:01 +0530


RITES IPO to open on June 20; 10 key things you should know The government is targetted to raise about Rs 453-466 crore through the RITES share sale, at a price band of Rs 180-185 a share, respectively.
Tue, 19 Jun 2018 08:44:26 +0530


CreditAccess Grameen gets Securities and Exchange Board of India nod for IPO The Bengaluru-based company had filed its draft papers with the regulator in January, as per the update with markets watchdog.
Mon, 18 Jun 2018 21:30:05 +0530


Subscribe to RITES: GEPL Capital GEPL Capital has come out with its report on RITES. The research firm has recommended to "Subscribe " the IPO in its research report as on June 15, 2018.
Mon, 18 Jun 2018 17:18:26 +0530


Subscribe to Fine Organics Industries Ltd: ICICI Direct ICICI Direct has come out with its report on Fine Organics Industries Ltd. The research firm has recommended to "Subscribe " the IPO in its research report as on June 18, 2018.
Mon, 18 Jun 2018 17:10:25 +0530


Fine Organic IPO to open on June 20, to raise Rs 600 cr via OFS The public issue comprises of offer for sale of 76,64,994 equity shares by the promoter group selling shareholders.
Thu, 14 Jun 2018 16:03:47 +0530