LRS News
International ETFs are trading at premiums. What should investors do?
Investors holding ETFs with premiums exceeding 15% should reconsider their position.
4 min read24 Dec 2024Why Motilal Oswal AMC doesn’t want you to invest in US ETFs
Owing to RBI restrictions, the asset management company is unable to create new units of its Nasdaq 100 and Q50 ETFs and supply them to investors through market makers. With demand outstripping supply, the trading prices of these ETFs are much higher than their intraday NAVs.
2 min read14 Dec 2024Sending money abroad? Here’s all you need to know about the RBI’s Liberalised Remittance Scheme
LRS allows resident Indians to send $250,000 abroad every financial year, but there are some nuances and restrictions.
3 min read8 Oct 2024Starting Oct 1, reloading forex cards for over Rs 7 lakh to attract 20% TCS. Details here
If you reload your forex card for more than Rs 7 lakh starting Oct 1, it will attract a TCS of 20 percent. The higher tax rate, however, won’t apply to payments made via credit cards
2 min read26 Sep 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared