Gold has long been considered a symbol of wealth, security, and status, especially in India. For centuries, it has been woven into the cultural fabric, used in weddings, festivals, and religious ceremonies, and remains a popular form of investment. With its perceived stability, gold is often seen as a safe haven in times of economicRead More
Selecting NRI Wealth Manager Back in India?
For Non-Resident Indians (NRIs), managing wealth and investments back home can be challenging due to geographical distance, differences in regulations, and dynamic market conditions. A skilled NRI wealth manager based in India can be invaluable in navigating these complexities and meeting financial goals. Here’s a guide to help NRIs choose NRI Wealth Manager back inRead More
Ayushman Bharat Senior Citizen Scheme
The Indian government has extended the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to cover all senior citizens above the age of 70, irrespective of their socio-economic status. This decision, announced by the National Health Authority, marks a pivotal step towards achieving universal health coverage in India. Why Ayushman Bharat for Senior Citizens aboveRead More
Math Behind IPO Allotment
An Initial Public Offering or IPO is a process in which a privately held organization makes the firm’s shares available to the general public for purchase. But how are IPO Shares allotted? Why IPO application get rejected and we do not get an allotment? What could be the reason for not getting an IPO allotment?Read More
Tax on Dividends for NRIs
Companies and mutual funds give dividends. Companies distribute dividends as a reward to shareholders to encourage them to stay invested. Dividends, as per the Dividend Discount Model (DDM), are an important metric for determining the valuation and, therefore, the company’s share price. Here are details on Tax on Dividends for NRIs. There is a significantRead More
Group Mediclaim for Parents – Pros & Cons
Most employers in India offer Group medical insurance policies to their employees as an additional perk. These policies offer sufficient support to employees and their families. Sometimes they offer to cover your senior citizen parents also. These policies are called Group Mediclaim for Parents or GMC for Parents. The cost or premium of Group MediclaimRead More