UPI MDR, in one tweet.
From 15 Oct, a merchant fee applies on select higher-value P2M payments.
0.4% MDR on merchant UPI above โน2,000 (capped at โน300 for payments of โน75,000+)
โน5 flat for rail, telecom, insurance, fuel, agri inputs
0.02% for mutual funds, brokers and securities, capped at โน300
Small QR vendors up to โน1 lakh/month stay at zero MDR
P2P and spends up to โน2,000 remain free
@BasuNivesh 1. Global investing for Indians is regulated by IFSCA in the gift city. Most brokers like Indmoney, Tickertape etc route via that. You can escalate to them - like SEBI.
2. In the event of death, nomination works like Indian guidelines.
A simple google search answers these :)
@Ishaan1806 Or just do the smarter thing and invest in the newly launched global smallcases.
Check out the collection of New in Global Markets.
https://t.co/WHOayPRbzq
@YatishAggrawal @NagpalManoj @SEBI_updates@mohanty_swarup@akhilchat@amfiindia AMCS can't create new units because the overseas investment limit is full.
You're buying 1 of Nasdag/S&P/FANG stocks for 1.30-1.90. Check live ฤฐNAV before you click buy.
Better alternatives right now: LRS route into actual US-listed ETFS (QQQ, SPY etc)
@NagpalManoj@SEBI_updates@mohanty_swarup@akhilchat@amfiindia AMCS can't create new units because the overseas investment limit is full.
You're buying 1 of Nasdag/S&P/FANG stocks for 1.30-1.90. Check live ฤฐNAV before you click buy.
Better alternatives right now: LRS route into actual US-listed ETFS (QQQ, SPY etc)
The SIP split that I follow at 29y -
35% in US Equities via @TickertapeIN
25% in an aggressive Flexi Cap Fund (~70% exposure to Mid and small)
15% in a Large Cap Fund (contra bet)
25% in momentum stocks via @smallcaseHQ
This strat has delivered 40% XIRR (last 2y)
@baldwin_IVth@ilavanyajain A split that I follow at 30 -
35% in US Equities via @TickertapeIN
25% in an aggressive Flexi Cap Fund (~70% exposure to Mid and small)
15% in a Large Cap Fund (contra bet)
25% in momentum smallcases @smallcaseHQ
Strategy has delivered 40% XIRR (last 2y).
Dyor