Reva

net worth, sorted. every account your family owns in one view, plus Compound, our free publication on Indian money. analysis, not advice.

[Reva @revaprivate]

reva is live on product hunt today. one net worth from the statements you already get, with every total checked against the pdf. https://t.co/TejhS0fxAq

[Reva @revaprivate]

the 20% your bank keeps on money sent abroad to invest is an advance on your own income tax, and it shows up in form 26AS before it comes back. https://t.co/7gb9aMiWm3

[Reva @revaprivate]

send ₹50 lakh abroad to invest this year and the bank holds back ₹8 lakh as TCS, money you only see again against your tax for the year.

[Reva @revaprivate]

the first five months of the year already add up to about $1.73 billion sent abroad to invest, and every rupee above ₹10 lakh a year still carries 20% TCS. the month-by-month table: https://t.co/I0OCfpMlhE

[Neil Borate @ActusDei]

Indians are sending more money abroad for one reason: to invest.

RBI's October bulletin has the August LRS numbers. Remittances for investing in overseas equity and debt were $321.5 million, up 111% from $152.2 million a year ago. At RBI's reference rate of ₹95.56 to the dollar, that is about ₹3,073 crore in one month.

To compare that with something
familiar: SIP inflows into Indian mutual funds were ₹32,297 crore in August. So for every ₹10 that went into SIPs, about ₹1 left the country to be invested abroad. A year ago it was closer to 50 paise.

Nothing else Indians send abroad grew like this. Travel, the biggest head, was $1.63 billion, the same as last August. Gifts, deposits, property and money for relatives barely moved. Take out investments, and LRS outflows fell 3%.
This happened while sending money abroad has become more expensive.

Remittances above ₹10 lakh a year attract 20% TCS, and the rupee is past 95. Neither has slowed it.

August was not even the peak. June saw $456.7 million. Last financial year, Indians sent $2.65 billion abroad to invest. April to August this year is already at $1.73 billion.

Sources: RBI Bulletin, October 2026. AMFI. Business Standard.

[Reva @revaprivate]

@SindhuHarih @businessline with april to july added, investment remittances reach about $1.73 billion in the first five months, 2.1 times the $823 million of the same months in 2025.

[Reva @revaprivate]

@MrFamilyOffice transparency in reporting tops it at 46% globally and 49% in the US, ahead of long-term commitment at 38%.

[Reva @revaprivate]

@growth_edge_ two funds with the same return can also charge very different fees, and AMFI publishes every scheme's TER, regular and direct, on its website.

[Reva @revaprivate]

@Finance_Bareek tax splits them too. NRE and FCNR(B) interest is exempt in india, while NRO interest is taxed, with TDS at 30% plus surcharge and cess.

[Reva @revaprivate]

@ActusDei april to july was already $1,403.53 million by the same RBI tables, 2.1 times 2025, so with august the first five months come to about $1.73 billion.

[Reva @revaprivate]

indians sent $1.4 billion abroad to invest in shares and debt from april to july, 2.1 times last year's pace, and every rupee above ₹10 lakh a year still carries 20% TCS. https://t.co/I0OCfpMlhE

[Reva @revaprivate]

income up to ₹12 lakh pays no tax under the new regime, but the ₹60,000 rebate doesn't touch short-term gains on shares, still taxed at 20%.

[Reva @revaprivate]

@moneycontrolcom the minutes out this week point the same way. four of six members voted for "calibrated tightening", which the minutes say takes cuts off the table near term.

[Reva @revaprivate]

compound today: the rules, rates and data releases that matter if you have ₹50 lakh to ₹25 crore invested. two lines each, official source linked.

this week: gold bonds redeemed early are now taxed, and listed bonds get a sebi credit meter from 21 nov.

https://t.co/cfhrRNY5YY

[Reva @revaprivate]

@moneycontrolcom a rising 10-year yield shows up as lower NAVs on long-duration debt funds, and units bought since 1 april 2023 are taxed at slab on the way out anyway.

[Reva @revaprivate]

@moneycontrolcom the tax side changed too. under the new tax regime, a donation to a charity gets no deduction, and only the old regime still allows one.

[Reva @revaprivate]

what reva reads, how it checks every figure, and what it won't do: https://t.co/olO3yGdw5M

[Reva @revaprivate]

reva is live on product hunt today. one net worth from the statements you already get, with every total checked against the pdf. https://t.co/TejhS0fxAq

[Reva @revaprivate]

@moneycontrolcom whichever way it goes, the tax on the way out depends on the route. a gold ETF held over 12 months pays 12.5% on the gain, and a gold bond bought on the exchange is now taxed even at maturity.

[Reva @revaprivate]

@FI_InvestIndia for anyone parking it in an FD, RBI's rules make premature withdrawal compulsory only on an individual's deposits of ₹1 crore and below.

[Reva @revaprivate]

@CNBCTV18Live @anshul91_m since 1 april 2023, hallmarked gold jewellery has to carry a six-character HUID, and the BIS Care app shows what it was certified as before you pay.

[Reva @revaprivate]

a single FD of ₹3 crore or more is a bulk deposit, and since 1 october every bank has to publish its bulk rates by 10:10 am and pay exactly those. https://t.co/KkDzW5RLi0