HNIs

Since debt MFs will now be on a par with AIFs on the taxation front, the returns on each will only be a function of yields

According to the new rules of the liberalised remittance system (LRS), an Indian resident can now invest $250,000 a year in foreign stocks, debt etc

What has been the impact of family philanthropy in India?

Pandemic also reinvented philanthropy in India. Gautam Adani recently pledged to donate $7.7 bn to social causes. But is the family philanthropy by ultra-rich Indians making the desired impact?

Today Angel platform IPV has close to 7,000 investors, over 4,000 of whom actively invest in the Indian startup ecosystem. These investors, largely Indian diaspora, come from 48 countries

Those with small amounts should skip it owing to high costs and elaborate tax-related compliances

The company said it is also offering free demat accounts for lifetime to all

Domestic brokerages are pulling all stops to cash in on the excitement around LIC's initial public offering (IPO).

Around 75 per cent wealthy people will look to buy luxury properties, worth more than Rs 5 crore, over the next two years in big cities as well as holiday destinations, according to a survey. India Sotheby's International Realty, one of the leading brokerage firms in luxury real estate space, has conducted a survey of over 200 HNIs (High Net worth Individuals) and ultra-HNIs to gauge the mood of the luxury real estate buyers across India's top 8 cities/regions -- Delhi-NCR, Mumbai, Kolkata, Bengaluru, Hyderabad, Pune, Chennai, and Goa. "An overwhelming 76 per cent respondents said they would look to buy real estate in the coming two years," according to the report 'Luxury Housing Outlook-2022'. This signals a very strong turnaround in sentiments for real estate amongst the wealthy in India, it added. Out of the 76 per cent wanting to buy real estate, 89 per cent would prefer luxury homes (city apartments, city bungalows and holiday homes), while the rest 11 per cent prefer premium

When remitting money abroad, go with the player that offers the most attractive exchange rate

Also suggests changes to price discovery norms

Overall, HNIs have profited in 16 out of 27 IPOs in 2021

The four IPOs cumulatively generated bids worth Rs 1.7 trillion and attracted over 10 million retail applications

HNI portion was subscribed 360x; break-even after factoring in the interest cost for wealthy investors worked out between Rs 1,400-1,500 a share versus closing price of Rs 1,167

Market observers said HNIs had placed leveraged bets, and lost big as their break even cost was more than Rs 850 per share

The firm is reaching out to shareholders again in this issue after they voted against Ghosh earlier

The listing was muted compared to the oversubscription seen during the IPO

Centre for the first time exercises provision for IRFC issue

If grey market activity is to be believed, despite the high acquisition price, HNIs will make money.

Demand has been lacklustre and prices have not moved up much in the past few years

Gland Pharma, promoted by China's Fosun, has extended its gains, is up 40 per cent since its listing