Mint Globetrotter Index: Take a trip to Rio De Janeiro

The Mint Globetrotter index compares the cost of 25 essential travel spends for 50 cities across regions.Here, Mint Money will list these 25 spends for a city and compare it with Delhi Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies Powered by WPeMatico

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Only coparceners are entitled to ask for partition of HUF property

It should be kept in mind that all coparceners are members of a Hindu Undivided Family, but the reverse is not true.The sons and daughters of a deceased coparcener become members and coparceners of the HUF automatically Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies Powered by WPeMatico

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To beat inflation, invest in equity mutual funds

You can have a combination of large-cap, multi-cap and mid-cap mutual funds along with a debt component, which could be a combination of PPF and short-term debt funds Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies Powered by WPeMatico

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Indians' wealth grew 5.2% in 2018-19: Credit Suisse report

The report estimates wealth per adult at $14,569 ( ₹10.31 lakh as on 21 October 2019).The report estimates that 78% of India’s adult population has wealth below $10,000, while 1.8% of India’s population has wealth over $100,000 Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies Powered by WPeMatico

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Tech-happy millennials like their mutual funds

Millennials are overwhelmingly invested in equity funds, especially tax-saving ELSS.Among debt funds, the insta redemption facility in liquid funds rather than traditional debt is the big draw Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies Powered by WPeMatico

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If you are an ROR and want to be NRI in any FY, spend less than 60 days in India

Residential status in India is determined based on total physical presence in India in the current FY and the preceding 10 FYs.A resident may either qualify as a resident and ordinarily resident (ROR) or resident but not ordinarily resident (RNOR) Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies Powered by WPeMatico

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