Mirae Asset Global Investments’s average AUM jumped over seven times in the last 3 years, making it one of the fastest growing fund houses and a favourite with investors.Mirae Asset Global Investments CEO Swarup Mohanty talks about the company’s good run, the Indian markets Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies
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Use SBI rate to convert earnings abroad
If the foreign rental income is received outside India, the conversion needs to be made at the year-end TTBR rate.If the foreign rental income is directly received in India, then the rupee value credited in the bank account needs to be considered Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies
Read MoreApplying for IPO through a broker? Use UPI ID
If your bank does not provide UPI facility for IPOs, you will not be able to apply through an intermediary and will have to take the SCSB route instead.Investors putting in their bids through SCSBs can continue using the bank account to block the bid amount Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies
Read MoreHow long is long term for equity and how to ride it
Stay put for the long term and invest in SIPs to reduce the chances of losing money.An actively managed fund, can give you far higher returns than the index over the long term Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies
Read MoreSREI Equipment Finance NCDs: Should you subscribe?
SREI Equipment Finance’s NCD offer will be open from 19 August to 18 September.The minimum investment amount is Rs10,000 and you can apply for higher amounts thereafter in multiples of Rs1,000 Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies
Read MoreSubscribers can invest up to 50% in equity under Scheme E of NPS
For all government employees joining with effect from January 2004, NPS was made applicable.Government employees are now not eligible for EPF Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies
Read MoreDirect tax code: From easier ITR filing to easing tax burden, experts hope high
The Modi government in its previous term had set up an Expert Committee to draft a new Direct Tax Code (DTC).DTC will replace the decades-old Income Tax Act, 1961 Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies
Read MoreIDFC First Bank offers 8.5% interest rate on 2-year fixed deposit. Latest FD rates here
IDFC First Bank offers FDs with maturities ranging from 7 days to 10 years.Senior Citizens get an additional spread of 50 basis points over the rate of general customers Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies
Read MoreNCDs decoded: From income tax implications to risk factors
NCDs work for investors who analyse, understand the firm’s fundamentals.It is important to consider credit rating of the firm before you invest in them Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies
Read More‘NBFCs will get recapitalized, banks will get more prudent with lending’
Amit Diwan, CEO and MD of Hines India, talks about the current market condition, demand for its residential project, and more Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies
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