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The Indian equity market is viewed as a window to prosperity by resident Indians and NRIs. Despite facing strenuous economic disaster, the Indian stock market is enjoying sheer position. The market has been on a roll for the past 10 years, with an estimated growth of 19% per annum witnessed on the Sensex. The Bombay Stock Exchange (BSE) stands tall, promoting its strong market reputation and benefiting NRIs and resident Indians. One cannot demean the strength and scope of the Indian equity market, when it comes to creating wealth. As a Non Resident Indian (NRI) your first step toward investing in stocks should start from opening the NRI Demat account. What is it? The NRI Demat account is important for NRIs looking forward to invest in the shares, bonds, and Initial Public Offers (IPOs). The Demat account is maintained to hold shares or securities in electronic form. A Guide to understand the functioning of the NRI Demat Account An NRI planning to invest in the Indian stock m...

If you are a Non-Resident Indian (NRI) and returning to India, you may have certain income tax worries. You may be curious to know that. The following lines may satisfy all your queries. Who is a NRI? If you are a citizen of India or a person of Indian origin who is outside India visits India in any year you would be regarded as NRI if your total stay is less than 182 days in the relevant tax year. Alternately, if you are not physically present in India for 60 days or more and 365 days or more in the four financial years prior to that financial year then you are also considered to be an NRI. If neither of these two conditions is satisfied, the individual would be treated as an NRI. The tax year is calculated from April 1 to March 31. There is another category of non resident Indians, known as ‘Not Ordinarily Resident’ (NOR). You can become an NOR either if your stay in India in the 7 financial years immediately preceding that financial year is less than 729 days or if you were a ...

How many times you have asked yourself ‘Do I need to take a separate Critical Illness Insurance when i already have a Mediclaim Policy’. You will get the clarity when you complete reading this article. What is a Mediclaim Insurance Policy? A mediclaim insurance policy covers pre-hospitalisation and hospitalisation expenses for the treatment of illness / injury. It may also cover certain other expenses, viz., day-care treatment, ambulance charges, and pre-existing diseases after a specified period of the policy or on payment of additional premium. It however, does not cover post-hospitalisation rehabilitation and recovery process. What is Critical Illness Insurance Policy? A critical illness cover insures against the risk of serious illness such as heart attacks, cancer, bypass surgery, kidney failure, etc. It gives a guaranteed cash amount when diagnosed with a critical illness. It takes care of the rehabilitative stages of a patient who is unable to start work but would be i...

Our mind conjures up many images when we come across the term ‘balanced’. It is about the caution exercised by the tight-rope walker; it is about the safety and security achieved from a good decision and it is about peace of mind. In the context of investments, balanced mutual funds have all of the above. Investments and savings are required to live life and it is normal human instinct to strike a balance in the investments decisions taken. A balanced mutual fund could be the key to the balance and parity that we seek to achieve through our investments. What is a Balanced Mutual Fund? A Balanced Mutual Fund is a combination of equity and debt investments which provide capital appreciation as well as income, without taking excessive risk. In essence, balanced mutual funds hold a balance of debt and equity in their portfolio. Should I invest in Balanced Mutual Funds? The financial market has different kinds of investors with different motives and aspirations. Balanced mutu...

Introduction Gauging and planning funds in one country is a trouble; having to do in two different nations can be flummoxing. This happens with NRIs! When it comes to registering taxes, NRIs find themselves incapacitated as the Income Tax (IT) rules are different for different countries; one that is valid in India is invalid in other countries. The Income Tax Act, 1961 demarks a Non-Resident Indian (NRI) as an individual, who being a citizen of India by birth or a person of Indian origin, who isn’t a permanent resident of India. Over the years a number of Indians have moved and settled abroad for better employment opportunities. The number of Indians living abroad for business or permanent settlement is rising at a greater pace. People leave their home country for work, business, medical emergencies or a holiday. Does an NRI need to pay tax in India? Despite being a green card holder, many NRIs hold valid bank accounts in Indiawhere they invest and save money . If you are one...

Have you ever given a thought how Mutual Funds recover their Expenses? Do they recover it from you before they declare the NAVs of the respective schemes? Are the returns you receive from your mutual funds investments is the net of expenses incurred by them while managing the funds? What is Mutual Fund Expense Ratio? A Mutual fund incurs expenses like fund management fee, agent commissions, registrar fees, and selling & promoting expenses. Now you know that Mutual Funds incur expenses while managing your funds, the next question in your mind could be how much. This leads to the concept of mutual fund expense ratio. ‘Mutual Fund Expense ratio’ is nothing but the recurring cost per unit- incurred to operate a scheme – and is charged to your assets. Such mutual fund expense ratio is calculated periodically but is charged daily on the NAV. This annual recurring expenses is disclosed every March and September and is expressed as a percentage of the fund's average weekly net...

Have you ever wondered how cumbersome it is to add so many programs to Windows Firewall one by one. Ever wanted to have a one-click solution for that ?  Block multiple programs in Windows Firewall Firewall App Blocker may be the answer to that problem. In Windows , you can set the Windows Firewall to block or unblock certain applications but it doesn’t offer an easy-to-use interface for its advanced features , You may want to block a program from accessing the internet in the Windows Firewall to do that you must follow the following steps: 1. Click the Windows orb and open the Control Panel 2. Select System and Security 3. In the Windows Firewall section, select Allow a program through Windows Firewall 4. If the program you wish to block or unblock is not listed, you can click the Allow another program button to add it. Choose the application in the list and select Add. If the program is not in this list, use the Browse etc… It seems complicated for the normal users , Firewall ...