An investor can move from one stock broker to another for various reasons like the services offered, ease of doing transactions, brokerage or research services offered. To maintain a single trading and demat account, one will need to transfer existing holdings to the new demat account and close the current one by following the below process. Open new demat and trading account Once the new broker is finalised, the account can be opened using the broker’s portal and filling out an online form with basic details. Next, KYC documents need to be uploaded for verification and a video verification of…
Author: Miley Selena
By Sudhir Kaushik of Taxspanner.com Gurugram-based finance professional Sahil Garg pays a high tax because his pay structure is not tax friendly and he doesn’t claim some of the deductions available to him. Taxspanner estimates that Garg can save more than Rs 75,000 in tax if his salary structure is tweaked and he invests in NPS. Income from employerGarg gets Rs 40,000 per year as LTA but has opted to receive that as taxable income every month. “I will not be able to travel and claim exemption due to lockdown restrictions,” he says. He should ask his company to replace…
Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals. I: Saurabh Kumar is saving for his kids’ goals and retirement. Here’s what the doctor advised him: Goals Investor’s existing portfolio Portfolio check-up Investing in funds for past two years…
The scope and attractiveness of alternative investments is increasing. Here’s a weekly tracker of returns from such investments. But don’t compare these with returns from traditional investments since the proportion and purpose of alternative investments is vastly different. Gold (995) (Rs)After surging to a three-month high, gold’s gain for the week was capped at 2%, mostly because of profit booking by the ETF Investors. Silver (Rs)Though silver is more volatile than gold, it also ended up with 2% gain due to a bigger rally and bigger weekend correction. ($/troy ounce)Economic concerns neutralised the bullion demand and platinum ended the week…
Twenty one ultra-marathon runners have died after extreme weather conditions hit a 100-kilometer (62-mile) mountain race in Northwest China’s Gansu Province.. The high-altitude Huanghe Shilin Mountain Marathon began on Saturday morning in sunny conditions. But by 1 p.m. local time weather conditions had turned, with freezing rain, hail stones and gale winds lashing runners in Gansu County, according to the state-run Global Times. The extremely cold weather caused discomfort and hypothermia among marathoners, resulting in some going missing, and the race was suspended, as local authorities immediately organized multiple rescue forces to search them. More than 700 people have been…
Vietnam has recorded 22 new Covid-19 local cases Sunday noon in four localities, the Ministry of Health announced. 11 cases are recorded in Bac Giang, three in Hai Duong, seven in Hanoi’s locked down K Hospital and one in Da Nang. All the cases in Hai Duong, the K Hospital and Da Nang have made contact with confirmed Covid-19 patients. The cases in Bac Giang are associated with the Quang Chau and Van Trung industrial parks, two major coronavirus hotspots. Since the new wave of Covid-19 emerged in Vietnam on April 27, the nation has recorded 2,089 cases in 30…
Recently, Vietnam has tightened its visa procedures due to the increased number of new COVID cases related to foreign expats. This article provides a brief overview of issues associated with the current updates in Vietnam. Video : visa update, outbreak and solutions In this video, I share about what is currently happening about the visas, an update about the quarantine and the current “fake expert visa” crackdown. This video will discuss about the current Covid situation in Vietnam, its impact to the visa requirements and important action steps to take. Most of the visa agents are right now waiting for…
Intrepid travelers wishing to explore Vietnam by car or motorbike should not miss these seven road trips recommended by Australian travel magazine Lonely Planet. Hai Van Pass The journey to conquer Hai Van Pass, one of the world’s most beautiful drives with over 55,000 pictures tagged #HaiVanPass on Instagram, starts from Da Nang and ends at Lang Co Bay, covering a distance of 20 kilometers (12 miles). Hai Van Pass between Thua Thien-Hue Province and Da Nang City cuts through the Bach Ma mountain range – a part of the Truong Son range skirting the sea. Its name, which literally…
The nation has also inked a deal for 31 million doses of the U.S.’s Pfizer vaccine within this year Visit Vietnam Insider’s homepage for more stories A Health Ministry research center is in negotiation with a Russian partner to obtain the necessary technology for the production of Sputnik V coronavirus disease vaccine this year. The technology transfer will be conducted in two phases, according to the Center for Research and Production of Vaccines and Biologicals (Polyvac) under Vietnam’s Ministry of Health. First, the partner, who was not identified, will provide Polyvac semifinished doses, with the Vietnamese center completing the process…
People coming to HCM City from COVID-19 pandemic-hit areas in Điện Biên, Bắc Ninh and Hà Nam provinces will be quarantined for 21 days. The HCM City Centre for Disease Control (HCDC) has just announced that people coming from Quế Võ District in Bắc Ninh from May 12, and Công Lý Commune in Hà Nam Province from May 13 will be quarantined in public facilities. Those coming from Điện Biên will be quarantined at home. The HCDC said the public should continue to strictly follow the Ministry of Health’s 5K message: khẩu trang (face mask), khử khuẩn (disinfection), khoảng cách…