Under current understanding, capital gains on SGBs held until maturity are exempt from tax, a feature that made the government-backed gold instrument attractive for long-term investors. The proposed amendment narrows that exemption strictly to original subscribers
Capitalmind recently launched its mutual fund business. As it happens, Zerodha also has an Asset Management Company called Zerodha Fund House
Nifty 50 for the month of May is already higher by 1.75 percent, after a 6.3 percent rally in March and a 3.5 percent upmove in April. This will also mark a third positive monthly close for Indian equity indices after five months of decline.
The company initially aims to launch active equity mutual fund schemes in the coming months, and later wishes to expand its operations and offer debt, hybrid and multi-asset schemes.
The study also showed that Nifty has outpaced or, at worst, matched the S&P 500 in local currency terms over the last two decades.
Deepak Shenoy also said that regulations need to support more and frequent disclosures from the SMEs looking to tap the IPO route. Promoters should be fined for poor disclosures, Shenoy suggested.
The founder of Capital Mind has written that outrage over the 'expensive' IPO is misplaced and that risk is what one takes for returns
Bengaluru-based founder-CEO Deepak Shenoy said that he used to order lunch and dinner about 12 times a week, he now barely orders food online once a week or once in two weeks. 'Many restaurants offer lower prices if you order direct, and for larger orders the difference is substantial,' he said.
Bengaluru-based Capitalmind founder and CEO Deepak Shenoy said justice was served after Prakash Hinduja and his wife Kamal Hinduja were sentenced to four years and six months in jail, while their son Ajay and his wife Namrata received four-year terms.
Traders who claim underlying exposure when they have none could be asked to pay heavy fines under Foreign Exchange Management Act (FEMA).
Deepak Shenoy clarified that he was not against the RBI censuring Paytm, but 'this is needlessly disruptive and takes away confidence'.
When Ashneer Grover claimed that at the end of the BharatPe row, he would be the 'last man standing', Deepak Shenoy reminded him of Enron -- a US-based energy company that imploded due to multiple fraudulent accounting practices and its then CEO who was sentenced to 24 years in prison.
Deepak Shenoy also shared a Twitter thread highlighting how the organiser Bookmyshow was to blame for the cancellation of both the Trevor Noah shows in the city.
Swiggy was accused of scamming customers by charging Rs 3 extra on every order. The food delivery platform issued a clarification after several complaints.
Shenoy also suggests making it harder for retail investors to speculate without fully understanding the risks, and mandatory clearance of NCFM test for aspiring F&O traders.
Capital Mind founder and CEO Deepak Shenoy said it took the family two years to get a court order, after which it took another three months to evict the tenant.