Skip to main content

Posts

Showing posts with the label RBI

ESG Mutual Funds and their Future Potential in India

  ESG Mutual Funds and their Future Potential in India Contents Overview Top ESG Mutual funds in India Advantages of Investing in ESG mutual funds   Overview The times since corporates started functioning in world there has been a tussle between their profitability and responsibility towards the environment. It has been realised recently in the last 20 to 30 years that mankind has afflicted irreversible damage to environment. And now to conserve the habitat and environment some steps need to be taken for linking the capitalism with the social responsibilities. To fulfil these objectives ESG funds were launched in the year 2020. The concept is new to India but globally there has been tremendous increase in the funds flow to ESG mutual funds. What are ESG funds : ESG investing is a broad term and is used to aim for positive returns on investment in addition to creating long term impact on society. Thus for selecting companies based on ESG parameters not only fina

NRO Account Fund Repatriation and Benefits

  NRO Account Funds Repatriation Table of Contents NRE Account NRO Account Document required for remittances from NRE and FCNR repatriation Documents required for remittances from NRO accounts What is Form 15CA? What is Form 15CB? How much Money can be transferred from NRO account?   India currently has huge number of Non Resident Indian who are living abroad. These NRI are having income in India in form of rents, dividends, proceeds of property sold, gifts etc. Now if NRI’s want to transfer these funds parked in NRO account to their overseas account is it possible to transfer funds from NRO account to overseas account directly? To understand this let us first know the difference between NRE and NRO Account What is NRE  Account   Non Resident External Account In this account only foreign currency can be deposited and the amount is held in Indian Rupees denomination. In NRE account Indian Rupees cannot be deposited. Amount held in NRE account is fully re