Let That Capital Grow

While Long Term Capital Gains are a new reality, investors should focus on Letting Their Capital Grow. It would be fair to say that as investors, we all prefer tax free investment alternatives. But let’s face it: tax on Long Term Capital Gains is a new reality when it comes to stocks or equity oriented mutual funds. As long term investors, this…

Equity Update

Markets cheered the New Year as major global markets gained in the first fortnight of 2018. There was a general optimism among investors in the U.S. which overcame weak economic data.    The unveiling of new rules for European financial markets gave a fillip to sentiment in the region. Upbeat economic data also contributed to the…

Mandatory linking of Aadhaar with Mutual Funds

As per the recent amendments to Prevention of Money-laundering (Maintenance of Records) Rules, 2005, it is mandatory for investors to link their Aadhaar with their Mutual Fund folio(s) on or before March 31, 2018, failing which investors will be unable to carry out any transactions in the folio. In this regard, the Aadhaar can be updated by your…

What is FATCA ? (Foreign Account Tax Compliance Act)

On July 9, 2015, U.S. Ambassador to India Richard Verma and Indian Revenue Secretary Shaktikanta Das signed an agreement to implement the Foreign Account Tax Compliance Act (FATCA). The agreement is designed to increase transparency between the two nations on tax matters. The agreement takes effect September 30 and underscores growing international cooperation to end…