INVESTMENT IN NAME OF MINOR
Demat account for minors: How to open with Zerodha, other brokers? Check documents required, other details
Teaching minors about stock markets, demat accounts, and investment strategies is crucial for financial discipline and smart money management.
The best time to invest in India was in 1991 and the second best time is today: Ramesh Damani
One can’t be rich in a bull market making 20 points on a stock. You get rich in a bull market when the stock goes up 5X, 10X. Super investor Ramesh Damani says the retail investor should be in the long-term category as opposed to the trading category,
Andhra Cabinet: CM Chandrababu Naidu names Pawan Kalyan as deputy, Nara Lokesh gets IT
Pawan Kalyan, the Pithapuram MLA, is widely credited with stitching the NDA alliance of TDP, BJP and Janasena together, which swept up 164 of the 175 Assembly seats in the state and 21 of the 25 Lok Sabha seats, in the process routing the incumbent YSRCP government which was led by YS Jagan Mohan Reddy
Technical Breakout Stocks: How to trade UNO Minda, KNR Constructions and Amara Raja Batteries on Friday
UNO Minda rose over 13% to hit a fresh high, KNR Constructions closed with gains of more than 11% and Amara Raja Batteries gained nearly 5% to hit a fresh record high.
Financials, capital goods likely to lead; expect rotation in defence, railway names: Gurmeet Chadha
There is indeed a shortage, and discounts have virtually disappeared, not just for air conditioners but also for refrigerators and air coolers. Companies like Voltas performed well initially, but their recent results, especially in the EMPS space, were disappointing.
Valuation comfort in capital goods stocks? Stay invested & wait for dips: Renu Baid Pugalia
Renu Baid Pugalia of IIFL Institutional Equities discusses the earnings upgrades for Larsen & Toubro, ABB, and Siemens in the capital goods sector, highlighting the valuation struggles. She also mentions the positive outlook for MNC subsidiaries like Siemens and identifies potential value in companies such as Cummins and Transformers & Rectifiers.
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ETMarkets Fund Manager Talk: Valuation of PSU stocks isn't as attractive, says Franklin Templeton’s Akhil Kalluri
Akhil Kalluri, VP at Franklin Templeton, discusses PSU stocks, retail liquidity impact, and broader market valuation risks. He also comments on tech stocks, consumption names, and industrial sectors' performance in the March quarter. Kalluri points out that the aggregate topline & EBITDA growth for Nifty 50 names in 4QFY24 so far are relatively muted, in high single digits.
From Bikaner to Blackstone: The success story of humble Haldiram's
Since 2016-17, several private equity firms including General Atlantic, Bain Capital, Capital International, TA Associates, Warburg Pincus, Everston have been talking with the Agarwal family for a minority stake or a controlling one. Haldiram's journey from humble beginnings with a bhujia recipe to a billions-dollar empire is the stuff of business legends.
Gold beats Nifty in 5-year timeframe. How much should you invest?
Gold's enduring appeal in India extends beyond symbolizing wealth, outperforming Nifty. Central Banks favor Gold amid dollar risks, while QE and rising debts support its safe-haven status. Diversify portfolios with Gold ETFs for stable returns.
TBO Tek IPO booked 39% so far on first day. Check subscription, GMP, and other details
TBO Tek IPO comprises a fresh equity issue worth up to Rs 400 crore and an OFS of up to 1.25 crore shares by existing investors. Gaurav Bhatnagar, Manish Dhingra, LAP Travel, TBO Korea, and Augusta TBO will offload shares under the OFS.
Quadria Capital picks up stake in NephroPlus for $102 mln
Quadria Capital invests $102 million in NephroPlus, India's largest dialysis chain, acquiring a minority stake. The move supports NephroPlus in meeting the rising demand for dialysis services in India and Asia. Quadria anticipates dialysis demand growth over the next five years in its targeted markets. The investment values NephroPlus at over $239.6 million. NephroPlus operates approximately 450 dialysis centers across India, the Philippines, and Uzbekistan
Unless liquidity tap is turned off, market will remain at record high levels:Dipan Mehta
Dipan Mehta discusses investment themes, market caution, and potential multibagger stocks like speciality retail companies. He highlights the importance of strategic cash reserves and attractive valuations for long-term investments.
Prosus elevates Ashutosh Sharma to lead India, Southeast Asia market
Ashutosh Sharma appointed by Prosus to lead investments in India and Southeast Asia. He will report to interim CEO Ervin Tu and focus on new investments and collaborations with portfolio firms like Swiggy.
How to invest in mutual fund for minor kid? Edelweiss MF CEO Radhika Gupta shares five tips for parents
Radhika Gupta, CEO of Edelweiss Mutual Fund, has shared tips on investing for minors. Her insights sparked discussions, addressing common concerns like obtaining a PAN and opening a bank account for minors. Gupta's post has garnered over 1.6 lakh views, with users engaging on managing minor investments online. Despite challenges, optimism prevails, reflecting growing interest in financial planning for the younger generation.
Earn 7.7% interest rate on NSC: What are the tax benefits of investing in National Savings Certificate
The National Savings Certificate (NSC) is one of the government-backed programmes suitable for investors with little risk since it offers guaranteed returns together with tax benefits.
Wipro picks minority stake in SDVerse with nearly $6-million investment
Wipro, along with GM and Magna, have teamed up to develop a B2B sales platform for buying and selling automotive software. Prashant Gulati has been named CEO of SDVerse effective March 5, 2024.
June 30 is the deadline to appoint nominees for your demat and MF accounts; why you need to get your nominations in order
Experts warn that ignoring nominations in investments can make life cumbersome for family members after the death of the account holder. While grieving, successors will be forced to seek court orders and face other hardships to get access to assets built by the deceased for their benefit.
Process to open a minor’s demat account
There are no minimum age criteria for opening a demat account in the name of the minor. However, it needs to be opened with a parent or guardian.
Which parent will pay the income tax on gains made from selling investment in minor child’s name after divorce?
When parents are married, it is the responsibility of the highest earning parent to pay income tax on gains or returns received on investments made in the name of the minor. However the situation changes when the parents are divorced, nonetheless income tax must be paid still. Read here to know which parent has to pay income tax on behalf of minor after the divorce.
Minor child turns major: Do this to avoid mutual fund account being frozen
Parents who had invested in mutual funds in name of their minor child must ensure to convert the status of the said mutual fund investments when their now child has become adult. If the status is not changed from minor to major when the child turns 18, the investments would be frozen.
Institutional buyers over-subscribe IRCON share sale, put in bids worth Rs 2,400 cr
So far in the current fiscal, the government has raised Rs 8,859 crore by selling minority stake in CPSEs. The budget has set a target of Rs 51,000 crore to be mopped up from PSU disinvestment.
How to open a demat account for minors, documents required and other things to keep in mind
A parent can choose to open a demat account in the name of their minor son or daughter in order to gift them various securities like shares, etc. However it must be noted that although parents can give their own bank account at the time of account opening, but at the redemption the sale proceeds would only be credited to a minor's bank account.
How to invest in bank FD and RD in the name of minor child
A parent can open a bank account in the name of their minor son or daughter in order to invest in fixed deposits (FD), recurring deposits (RD) or others. The process is easy and requires the minor's birth certificate or Aadhaar, depending upon the bank. Parents will however have to give their Aadhaar, PAN or any of the officially valid documents (OVD).
Can you invest in a mutual fund in a child’s name?
The child shall be the first and sole holder in such a folio. No joint holder will be allowed in this folio. The guardian in the folio can be either parent (i.e., father or mother) or a court-appointed guardian.
Income tax implications of investing in shares, mutual funds, bank FDs in child's name
Investments in the name of minor childrens for future expenses like college education, marriage, others can be done in many instruments including shares, mutual funds, bank fixed deposit (FD), post office schemes among others. Further if the income of a child is clubbed with the parent then a tax exemption is also given.
How to add a nominee to your SBI savings account, fixed deposits (FD)
There are thousands of crores of unclaimed money in our country's banks. These are accounts where the bank holder put money and then died, leaving the money with the bank because no nominee was filed against his account/investment.
How to invest in a mutual fund in your child’s name?
Small amounts received as gifts by children on festive occasions, birthdays or for good academic performance could be channelised into mutual funds to create wealth.
Invested in mutual funds in the name of minors? What to do when they turn 18
Parents often invest for their children, either in their own names or in the name of the minor child. When the minor turns 18 years old, he or she can operate the account only after completion of certain paperwork. Here is the process to be followed for mutual fund investments in this regard. Text: Centre for Investment Education and Learning
Sebi tweaks mutual fund investment framework in minors' names via guardians
Under the new rule, payment for investment in mutual funds by any mode will be accepted from the bank account of the minor, parent or legal guardian of the minor, or a joint account of the minor with parent or legal guardian, Sebi said in a circular.
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