Residency status Not Ordinarily Resident (NOR) Stateless persons

NRI

Satya Sontanam/Anand KalyanaramanThe recent Budget set the cat among the non-resident pigeons by tightening the norms on residency provisions for individual assesses. The intent behind these changes, the Budget Memorandum says, is to prevent tax abuse. There are three key changes. One, to qualify as a non-resident (NR), certain categories of persons will have to … Read more

Rakesh Jhunjhunwala advised caution ahead of Lok-Sabha elections

Rakesh Kumar Radheyshyam Jhunjhunwala is an Indian Billionaire Investor and Trader. He is a Chartered Accountant. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. Jhunjhunwala has been described by India Today magazine as the “pin-up boy of the current bull run” and by The Economic Times as “Pied Piper of Indian bourses”.  As per Forbes, he is the 54th richest … Read more

Live Life King Size By Planning Your Personal Finances

The other day, I had an animated discussion with a youngster who is in her final stages of completing her masters and is to commence her work life shortly. The discussion primarily focused on sharing my personal financial knowledge and experience with her, which she very grudgingly tried to accept. I could feel that she … Read more

SIMPLIFICATION OF MUTUAL FUNDS

SIMPLIFICATION OF MUTUAL FUNDS

SEBI RE-CATEGORIZES AND RATIONALIZES MUTUAL FUNDS  Background: There were 42 SEBI registered Asset Management Companies (AMC) in India with 2,043 Mutual Funds (MFs), which offered 9,680 possible choices to investors through their various plans and schemes. This confused the stakeholders and made it very difficult and cumbersome to choose the correct scheme. Therefore, the Securities and … Read more

Welcome to Maloo Investwise

Disclaimer: Dear Investor, By clicking on the submit button you will be redirected to our secured website. This link is provided only for the convenience of our visitors. The site has the necessary tools to help you understand your risk profile, asset allocation, and goal calculations. You will also be able to open a folio and transact online in mutual funds.

Welcome to Maloo Investwise

Disclaimer: Dear Investor, By clicking on the submit button you will be redirected to our secured website. This link is provided only for the convenience of our visitors. The site has the necessary tools to help you understand your risk profile, asset allocation, and goal calculations. You will also be able to open a folio and transact online in mutual funds.