How Important Is Portfolio Design in a PMS?
Portfolio design is arguably the single biggest driver of outcomes in Portfolio Management Services (PMS). Unlike a mutual fund, where thousands of investors share one standard basket, a PMS portfolio is built stock by stock around a manager’s philosophy,...
Can Indian Residents Invest in GIFT City? Here’s What to Know
Yes, resident Indians can invest in GIFT City by utilizing SEBI-registered Alternative Investment Funds (AIFs) and selective offshore structures, based on certain eligibility criteria and minimum investment requirement of ₹50 lakh and above. The GIFT City ensures a...
Is GIFT City Tax-Free for NRIs in the US, UK or Canada?
GIFT City isn’t tax-free. It offers a more favourable tax framework than domestic India under IFSCA rules, but if you’re an NRI tax resident in the US, UK, or Canada, you’re taxed on worldwide income at home. The India-side advantage reduces your Indian tax burden; it...
What Is First-Principles Investing in Stock Picking?
First-principles investing starts with the business. What does it sell, who pays and why, what does it cost, how protected is the margin, where does the cash go. Thesis built from there not from peer multiples worked backward or consensus targets dressed up as...
