Here’s everything you need to know about it. Investments LRS allows Indians to invest in listed foreign securities – both equity and debt. You can invest in mutual funds, exchange traded funds (ETFs), venture funds, and real estate (with some caveats). You can also invest in listed debt securities such as bonds, but not unlisted … Read more
Investing in overseas markets is a great way of diversifying your portfolio. By spreading investments across countries, you can mitigate risks associated with domestic market concentration and benefit from growth opportunities in different regions. It also allows you to tap sectors and industries that may not be well-represented in India, making for a more balanced … Read more
Spending money overseas through credit card does not come under the liberalised remittance scheme limit yet, but it may change in the near future. And if it does, credit card users may have to cough up 20 percent tax collection at source (TCS). As per a media report published recently, bringing credit card spend under the … Read more