Elevo

Secured treasury management platform for MSMEs, startups to digitally invest in mutual funds & manage their working capital efficiently. Minors can also invest.

[tarrakki @tarrakki_]

We are thrilled to announce our partnership with Rural Invest. Here's what Rural invest has to say:

[tarrakki @tarrakki_]

We just don't build tech, we impact people's lives by making investing services affordable and accessible for all Indians

Check this video to know more

https://t.co/pQGaYF37eQ

#MutualFundApi #embeddedfinance #embeededinvesting #investinginfrastructure #embeddedinfrastructure

[tarrakki @tarrakki_]

We are exhibiting at @India_Fintech today! Come say hi at stall no. 11

[tarrakki @tarrakki_]

Visit us tomorrow to get a glimpse of the future of investing

#fintech #WealthManagement #ifta #indiafintech

[tarrakki @tarrakki_]

Business Treasuries ko invest karo

Returns earn karo

Elevo makes mutual fund investing easier for businesses! Visit https://t.co/LbYj1pFZgq
#startups #startup #investing #mutualfunds #treasury #workingcapital

[Elevo @Elevo_]

@ravihanda @tarrakki_ @chuck_gopal Yes, IIIT Bangalore. Sorry, it’s a typo

[tarrakki @tarrakki_]

For NRI investments via Power of Attorney, in-person verification of the POA holder will be demanded by the Fund house.
Moreover, signatures of both the individuals involved- NRI and the POA holder must be present on all the KYC documents in order to carry out the investment.

[tarrakki @tarrakki_]

Documents required for mutual fund KYC for NRIs:

PAN Card
Copy of valid passport
Aadhar card (for Indian address proof)
Recent photograph of the investors
Foreign address proof

Once the KYC is complete one can start investing in mutual funds as an NRI investor

[tarrakki @tarrakki_]

NRE account- it helps the NRI to park your foreign earnings in India . The balance here is tax free
NRO account- It helps NRIs to park their earnings from India such as rent, dividend received etc. in Indian denomination. Here, the balance is taxable.

[tarrakki @tarrakki_]

To invest in mutual funds, an NRI must open should either open a Non-resident Ordinary (NRO) account or Non-Resident External (NRE) account.
Both of these accounts are rupee denominated accounts i.e. the balance amt. is in INR (after applicable conversion)

[tarrakki @tarrakki_]

As per the Foreign Exchange Management Regulations, 2000, an NRI will be allowed to invest in Indian mutual funds only in the Indian currency

[tarrakki @tarrakki_]

NRIs investing in mutual funds in India also have an option of assigning the Power of Attorney (PoA) to someone in India.
Alternatively, the NRI investor can also hold a joint account with a resident Indian who will then take mutual fund decisions on behalf of the investor

[tarrakki @tarrakki_]

Are you an NRI and looking to invest in mutual funds?

NRIs can now invest in mutual funds in India through https://t.co/LbYj1pFZgq

Checklist that NRI must have to invest in mutual funds in India (🧵)
#NRImutualfunds #mutualfunds #mutualfundssahihai #nonindividualresidents

[tarrakki @tarrakki_]

Running a comapny can be hard
but managing #treasuries can be effortless 🪄
Now with mutual funds on https://t.co/LbYj1pFZgq

Hey #startups,
Have you raised funds ? or is your surplus funds lying idle in #currentaccount? Check the blog below:

https://t.co/iG7JtAxE41

[tarrakki @tarrakki_]

Always match your risk level to the kind of fund you invest in.

[tarrakki @tarrakki_]

#Father : My wife and kids are searching me a #FathersDay2022 gift. Why they don't realize that the greatest gift they can give me is: saving money and investing for a financially secured future.

#FathersDay #fathersdaygifts

[tarrakki @tarrakki_]

story of most retail #investors

June 1: Yay salary got credited, will definitely start investing

June 3: Ohhh electronics on sale. I'll definitely invest next month

July 1: Got #salary, 100% I'll invest

July 15: big sale on e-commerce site

Avoid being like this guy 🤦🏻‍♀️

[tarrakki @tarrakki_]

Long term SIPs
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━━━━━┓ ＼＼
┓┓┓┓┓┃ Market volatility
┓┓┓┓┓┃ ヽ😮ノ
┓┓┓┓┓┃ 　 /
┓┓┓┓┓┃ ノ)
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[tarrakki @tarrakki_]

RBI increases the #RepoRate by 50 bps to 4.90%.
Repo rate:Rate at which commercial banks borrow money by selling their securities to the Reserve bank.

This rate hike moderates #inflation,keeps fiscal deficit under balance & ensure that external value of #rupee remains stable

[tarrakki @tarrakki_]

Adding this place to my bucket list - started an SIP for visiting already