New Delhi: LIC Housing Finance, the mortgage arm of insurance behemoth LIC, plans to mobilise funds through green bonds in the coming financial year with an aim to finance environmentally-sustainable housing projects. “Green financing is something that we will look at the next year and we would deploy the fund for financing green housing projects,” …
Can a non-resident Indian (NRI) from Dubai transfer his income to his wife’s Indian account and can she invest this amount in mutual funds? —Name withheld on request It is perfectly legal to send money to your wife in India but the nature of transfer from your account to that of your wife needs to …
U.S. investors continued to reduce their holdings in equity funds for the fourth consecutive week up to Jan. 24, exhibiting caution ahead of a major inflation report and a Federal Reserve meeting set for the following week. U.S. equity funds saw net withdrawals of $3.04 billion in the week, the smallest in four weeks, as …
The total value of equity-related investments of MFs rose by 20% year-on-year to ₹27.4 lakh crore while that held by institutions grew by 11% to ₹142 lakh crore. Synopsis The three-month rolling cumulative investment of the domestic mutual funds stood at ₹65,919 crore at the end of October – the highest in 16 months according …
As a registered power of attorney holder of my NRI (non-resident Indian) son, can I invest the sale proceeds of his two properties in 54 EC bonds on behalf of him and in his name? What is the maximum limit of such investment?—Name withheld on request As a registered power of attorney holder, you are …
Geopolitical challenges, volatility, and inflation are all threatening to upset the investors’ applecart. Diversification is key as it helps them protect their returns. For Indian investors, looking at international diversification, investing in China—the largest economy in emerging markets—has been a compelling option. But the recent performance of China-focused funds has done little to instil confidence …