For the love of gold!

In the month of August, gold breached the $1500 per ounce ceiling in the first time in over six years.  With the breach of this critical psychological barrier, the sky seems to be the limit for the precious metal. Amid the rising clamour of an economic slowdown and fear of global recession, the yellow metal is trending once again as a safe haven for investors. With political and economic instability in developed countries and higher…

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Why investment in India makes sense now

Every year, thousands of Indians migrate to foreign countries to explore better career opportunities. Over time, they settle abroad and attain the status of a non-resident Indian or NRI.  However, the urge to invest in one’s homeland has been a perpetual quest for NRIs, and with good reason.  Let’s consider some numbers to see why. What makes India an attractive destination Currently, India is the fifth largest economy at $2.7 trillion GDP. It is likely…

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Slew of budget benefits to woo NRI investments in India

  In the presentation of the Union Budget for the year 2019, Union Minister of Finance, Nirmala Sitharaman put forth the ambitious plan of taking India from the current $2.8 trillion economy to reach the $ 5 trillion mark by the year 2024. The Finance Minister acknowledged the role of  non-resident Indians in uplifting the Indian economy. To woo further NRI investments, she announced a slew of benefits to woo NRI investors to enhance investments…

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Make the most of Fintify

Let’s not kid ourselves anymore that financial health isn’t important. Studies have shown that financial well-being ranks at par with personal health and the social interactions we have in determining our core quality of life. On an average, a financially responsible user has over 11 different accounts across bank accounts, credit cards, investments, insurance and loans. Add to that multiple cross border currency accounts and that number nearly doubles. We have developed Fintify as a…

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The Anatomy of Personal Finance

Over the last year we at Fintify spoke to hundreds of people – family members, friends and strangers about their approach to management (or lack thereof!) of their personal finances in a bid to understand their outlook towards money and personal finance management. This exercise helped us understand the factors which influence the average person’s attitude towards personal finance management – which is something that affects us all profoundly, but tends not to occupy proportional…

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Challenges for NRIs investing in India

India is one of the preferred destinations for NRIs to invest in. Apart from the emotional attachment of investing in ones’ motherland, it is also one of the fastest growing economies. According to the Reserve Bank of India’s latest monthly bulletin, there were inflows to the tune of $3863 million in NRE deposits during the period April to November 2017, against an outflow of $11,198 million in the corresponding period in 2016. This is an…

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