I have been a non-resident Indian (NRI) for many years and have invested in Indian stocks using income earned abroad, deposited in my NRE account. In FY25, I sold some shares and made capital gains, but my AD (authorized dealer) banker deducted TDS on the gains. I thought income from NRE accounts was exempt from … Read more
However, leveraging shares comes with conditions and risks that need careful consideration. How loan against shares works A loan against shares (LAS) allows borrowers to pledge their equity holdings as collateral for an overdraft facility, offering flexibility by charging interest only on the utilized amount. For example, if shares worth ₹10 lakh are pledged, the … Read more
Amit Upadhyaya, a Pune-based corporate executive, has achieved financial independence at age 46. Despite working for a French multinational (Dassault Systemes) for two decades, Upadhyaya does not credit his wealth to a high corporate salary or employee stock options. He sees it as the outcome of investing in the right stocks and funds and holding … Read more
In 2024, despite the momentum in financialisation, the Nifty Bank index has underperformed, rising only 7% compared to the Nifty 50’s impressive 15.6% gain. This gap signals investor hesitation, with key banking stocks hovering around critical levels in both the public and private sectors. However, many banks maintain solid fundamentals and have the potential to … Read more
Stock market losses are never pleasant—whether through direct equities or mutual funds—but they offer a rare silver lining: the potential to reduce your tax liability through capital loss set-offs. Here’s how savvy investors can use this to their advantage. Set-off against gains Capital losses can be set off against capital gains, allowing investors to reduce … Read more
Following three months of positive but muted returns, brokerage Equirus Capital has initiated coverage on NBFC stock MAS Financial Services with a ‘long’ recommendation and a target price of ₹401, indicating an upside potential of over 38 per cent. “We believe MASFIN has the perfect elements (promoter pedigree, stellar asset quality track record, healthy capitalisation) … Read more
Breakout stocks to buy or sell: Indian stock market benchmarks- the Sensex and the Nifty 50- closed flat in the previous session on Tuesday on profit booking in select heavyweights. The Sensex and the Nifty 50 scaled their fresh peaks of 85,163.23 and 26,011.55 during the session. Eventually, the Sensex ended at 84,914.04, down 15 … Read more
Penny stock Advik Capital was in the spotlight as the company’s rights issue of equity shares opened on September 24, 2024. The rights issue, which remains open until October 4, 2024, offers shareholders the opportunity to increase their ownership by subscribing to newly issued shares at a discounted price. This move aims to raise capital … Read more
Smallcap NBFC stock UGRO Capital was in focus on Monday, climbing over 5 per cent in intra-day trading as the company prepared for a crucial board meeting on September 24 to discuss potential fundraising. The market sentiment was further boosted by optimistic brokerage coverage, with two major firms, Choice Broking and InCred Capital, forecasting a … Read more
Many investors do not take a disciplined approach to secure and grow their finances, due to certain biases. Such biases lead to mistakes like having inadequate or low life cover, avoiding or making low investments in equity-oriented investments, ignoring retirement planning and exposing to high-risk and unregulated investments. This article flags those biases to help … Read more