AMFI CALMS INVESTOR NERVES ON FATCA

For those of you worried by reports that your mutual fund accounts would be shut pending FATCA compliance, take a breather. The Association of Mutual Funds in India (AMFI) has categorically clarified that it has only proposed “freezing of accounts” of those investors who fail to submit their FATCA filing before the August 31 deadline. This, however, does not mean that the non-compliant MF accounts will “forced into redemption” or “impounded” (shut down). Thus, when an investor’s account is frozen, it only means that “further transactions will be stopped” until…

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PROFIT FROM GOLD WITH GOLD BONDS

The first series of bonds under the Sovereign Gold Bond Scheme is now open for subscription. The scheme was launched by the Government of India and offers investors the same benefits as holding physical gold. Its returns are linked to price of gold. Gold bonds can also be used as collateral for loans be sold or traded on stock exchanges. The salient features of the product are as under: Product details Sr.No. Item Details 1 Product name Sovereign Gold Bond 2016-17 – Series I (July’16) 2 Issuance To be issued…

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CHENNAI FLOODS – THE LESSONS WE CAN LEARN

A look at the lessons the Chennai floods have taught us and what you can do to have your own safety ring in future CHENNAI FLOODS – THE LESSONS WE CAN LEARN It’s not every day that a random post by Ramesh Karthik, a software engineer in Chennai, gets shared on social media 226 times. Not surprisingly, it struck a chord with everyone who read it: “Till two days ago, I was getting worked up about my appraisal at office. I have completed seven years in my company and I…

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MAKE IN INDIA – A MYTH OR REALITY

MAKE IN INDIA – A MYTH OR REALITY Make in India will be a success only if factories can provide employment and if the government can provide facilities such as education and other support services for rural folks. Sustaining the beauty of the campaign depends on how fast we create all other services which might take several years. It is also time for the Govt. to sell this idea to India Inc. The first seeds of ‘Make in India’, a popular concept launched by prime minister in September 2014, seems…

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SPICE UP YOUR PORTFOLIO WITH MASALA BONDS

Spice Up Your Portfolio With Masala Bonds Masala bonds, or offshore rupee bonds or rupee denominated bonds, add a unique flavour to the bouquet of investment choices available to global investors. These bonds are rupee-linked and issued in markets outside India. Usually issued for 10 years in overseas markets and settled in US dollars, masala bonds are used to raise rupee loans for domestic companies from foreign investors. Foreign investors who have an eye on India in terms of investment can park their funds in these bonds without any direct…

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