For High-Net-Worth Individuals (HNIs) and Non-Resident Indians (NRIs), diversifying investments across global markets is no longer a luxury—it’s a necessity. The Mirae Asset Global Allocation Fund, a Category III Alternative Investment Fund (AIF) launched under the GIFT City (Gujarat International Finance Tec-City) IFSC framework, offers a compelling opportunity to invest in global equities while benefiting from India’s only International Financial Services Centre (IFSC).

Akshaya Tritiya is considered one of the most auspicious days for new beginnings, especially when it comes to wealth creation. Traditionally, Indians buy gold on this day, believing it brings prosperity and financial security. However, modern investors also explore other avenues like mutual funds, gold ETFs, sovereign gold bonds (SGBs), gold-backed Market Linked Debentures (MLDs), and Multi-Asset Allocation Funds.

The tragic terrorist attack in Pahalgam on April 22, 2025, has left the nation in mourning. In response to this heartbreaking event, both the Life Insurance Corporation of India (LIC) and the National Stock Exchange of India (NSE) have stepped forward to offer support to the affected families. These initiatives aim to provide financial relief and comfort during this difficult time.

India’s interest rate environment is trending downward, with the Reserve Bank of India (RBI) cutting its key repo rate twice this year—from 6.50% to 6.00%—and potential further easing on the horizon if inflation stays within target.

For Non-Resident Indians (NRIs), understanding the tax implications of investments in India can be complex—especially when it comes to capital gains from mutual funds. A recent ruling by the Income Tax Appellate Tribunal (ITAT), Mumbai in the case of Anushka Sanjay Shah provides clarity and relief for NRIs claiming tax exemptions under Double Taxation Avoidance Agreements (DTAAs).

Recently, a heartbreaking case made headlines—a pregnant woman in Pune died due to alleged medical negligence, and the attending doctor faced severe legal consequences, including a police case. Such incidents, whether due to genuine error or unfounded allegations, can destroy a doctor’s career, reputation, and financial stability.