ICICIDirect

ICICIDirect’𝐬 𝐖𝐞𝐞𝐤𝐥𝐲 𝐖𝐫𝐚𝐩: 𝐄𝐝𝐢𝐭𝐢𝐨𝐧 54✨ Nifty gained 2% for the week ahead of US Fed meeting next week as rate cut hopes and benign inflation expectations helped by good monsoon and lower brent prices weighed on sentiments. Expect to head towards 25,800 with key support at 24,750. 🔸India’s forex reserves rose to an all-time high of $689.24 billion after adding $5.2 billion in the week that ended on 6 Sept. 🔸August inflation was marginally higher for vegetables as compared to core inflation 🔸Cabinet approves PM E-DRIVE scheme, allocating Rs 10,900 crore for advance adoption of e-mobility in India. Read ⁠this and much more, in our weekly #StockMarket Wrap👇 #icicidirect #stockmarket #inflation #finance #marketupdate #stockmarketnews #nifty

People often focus on short-term financial goals like planning vacations, buying a vehicle or longer-term goals like investing in property or other assets. But, have you ever stopped to consider who will inherit your assets after you’re gone? This is where 𝗘𝘀𝘁𝗮𝘁𝗲 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴 comes into play. Estate Planning is a process of arranging how your assets will be managed and distributed after your demise, while also minimizing taxes and preserving your wealth. But how does one achieve that? Well, here are 5 strategies that will help you minimize tax liabilities, preserve wealth and ensure your assets are passed to your intended beneficiaries. 5 Estate Planning Strategies 𝗙𝗮𝗺𝗶𝗹𝘆 𝗧𝗿𝘂𝘀𝘁𝘀: Family trusts protect your assets and ensure smooth wealth distribution across generations. By placing assets in a trust, they are legally safeguarded and bypass probate. Additionally, trusts can reduce estate taxes, as assets are often excluded from the taxable estate of the Settlor. 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗣𝗼𝗹𝗶𝗰𝗶𝗲𝘀: Life insurance is a vital aspect of estate planning since it offers immediate financial support to the beneficiaries. From a taxation perspective, proceeds from insurance policies are exempted from tax under Section 10 (10D), provided certain conditions are met. 𝗥𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁 𝗣𝗹𝗮𝗻𝘀: Retirement plans not only offer you a stable source of income in your retirement years but they also provide various tax benefits that help you preserve your hard-earned wealth. Any contribution made towards a retirement plan is tax-deductible under Section 80C under the old tax regime. 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗦𝘂𝗰𝗰𝗲𝘀𝘀𝗶𝗼𝗻 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴: For families who have businesses, succession planning is crucial to ensure continuity and maintain the integrity of the business. But beyond that, business succession planning can also help you reduce the tax burden of the business and the successor. Effective business succession planning involves setting up trusts, leveraging life insurance policies, and relying on buy-sell agreements. 𝗚𝗶𝗳𝘁 𝗧𝗮𝘅 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀: Although there is no specific gift tax, the Income Tax Act regulates the taxation of gifts. Generally, gifts exceeding ₹50,000 from non-relatives is taxable, but there are certain exemptions on gifts received during marriage or through a will. Strategically planning gift transfers can significantly help reduce future tax liabilities. 𝗖𝗼𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻 In short, incorporating smart tax-saving strategies into your estate planning can protect your wealth and ensure a smooth transfer of assets to your loved ones. By leveraging the above methods, you can ensure that your financial legacy is protected. So start planning today for a secure tomorrow! #ICICIDirect #tax #wealth #insurance #stockmarketindia

ICICI Securities is thrilled to announce the successful completion of the 𝗥𝘀 𝟰,𝟬𝟬𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗤𝘂𝗮𝗹𝗶𝗳𝗶𝗲𝗱 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝗮𝗹 𝗣𝗹𝗮𝗰𝗲𝗺𝗲𝗻𝘁 (𝗤𝗜𝗣) 𝗼𝗳 Mrs. Bectors Food Specialities Ltd.(Cremica and English Oven) (𝗠𝗕𝗙𝗦𝗟) 𝗮𝘀 𝘁𝗵𝗲 𝗟𝗲𝗳𝘁 𝗟𝗲𝗮𝗱 𝗠𝗮𝗻𝗮𝗴𝗲𝗿.   MBFSL is a manufacturer and marketer of variety of biscuits under their flagship brand ‘𝗠𝗿𝘀. 𝗕𝗲𝗰𝘁𝗼𝗿’𝘀 𝗖𝗿𝗲𝗺𝗶𝗰𝗮’. The company also manufactures and markets savoury and sweet bakery products under their brand ‘𝗘𝗻𝗴𝗹𝗶𝘀𝗵 𝗢𝘃𝗲𝗻’. It is the largest supplier of buns in India to reputed QSR chains such as 𝗠𝗰𝗗𝗼𝗻𝗮𝗹𝗱𝘀, 𝗞𝗙𝗖, 𝗕𝘂𝗿𝗴𝗲𝗿 𝗞𝗶𝗻𝗴, 𝗖𝗮𝗿𝗹𝘀 𝗝𝗿. As of June 30, 2024 Mrs. Bector’s supplies products to retail consumers in 26 states and 6 UTs within India, as well as to reputed institutional customers with pan-India presence and export to over 70 countries across the world.    The issue received a robust response from investors with the issue getting ~14x times oversubscribed, generating an aggregate demand of ~Rs 56,000 million.   With this deal, ICICI Securities has once again proven its capabilities to spearhead transactions in volatile market conditions and continues its dominance in the Equity Capital Markets as the most active deal bank in FY25. We extend our heartfelt thanks to our dedicated team for their unwavering commitment and hard work. Santosh Verma Prem D’Cunha Sarun Agarwal Abhishek Mehta Gaurav Mittal Rohit Chaudhary Aditya Kamat Anmol Bhise Sohail Puri, CA Devraj Parchure   Source: Prime Database #ICICIdirect #QIP #mutualfunds #EquityMarket #CapitalMarket #InvestmentBanking

Although KFC India has been in the Indian market since 1995, Popeyes Louisiana Kitchen launched by Jubilant FoodWorks Ltd. in 2022 has been rapidly growing in terms of popularity and market share. Swipe to know why Popeyes is growing consistently and where it stands compared to the current market leader KFC 👉 Share this insightful post! #ICICIDirect #kfc #popeyes #growth #fastfood #stockmarketindia

How did India’s auto industry fare in August 2024? Check out the video for all the details! Share with others. #ICICIDirect #autostocks #trading101 #tatamotors #growth #stockmarketindia

The IPO of Bajaj Housing Finance Limited (BHFL) is now open for subscription until September 11, 2024. Here’s all you need to know:- BHFL is India's second-largest mortgage lender, after LIC Housing Finance. The company’s net interest income increasing by 35.6% between FY22 and FY24 and net profit by 56.2%. Additionally, its assets under management (AUM) grew by 29.3% annually between FY20 and FY24. The key details of the IPO: Total Amount: Rs 6,560 crore • Fresh Equity: Rs 3,560 crore • Offer for Sale (OFS): Rs 3,000 crore • Price Band: Rs 66-70 per share • Lot size: 214 Shares Check out the comparison of three of the biggest mortgage lenders of India. Are you subscribing? Let us know 👇 Save and share this insightful post! #ICICIDirect #bajaj #finance #growth #ipoalert #stockmarketindia

The IPO is open for bidding from September 9 to 11, priced between ₹66-70 per share, with a minimum lot size of 214 shares. Bajaj Housing Finance provides a wide array of financial solutions catering to individuals and corporate entities. From home loans and loans against property to lease rental discounting and developer financing, they cover it all. Participate in the #QuizWithICICIdirect to assess your knowledge about recent updates. #ICICIDirect #ipoalert #bajaj #finance #stockmarketindia

While India is home to 1,433 billionaires, the 2024 Hurun India Rich List also highlights 102 non-resident Indians (NRIs), with nearly 79% of them being self-made. The USA leads as the top destination, home to 46 individuals, followed by the UAE and the UK. At the top, Gopichand Hinduja & family reign with a fortune of INR 192,700 crore, while LN Mittal & family follow close behind with INR 160,900 crore in the UK. Check out the full list and share with others! #ICICIDirect #billionaire #usa #stockmarket #india

According to a report by Counterpoint Research, China continues to lead the global 5G smartphone market, holding a 32% share. Meanwhile, the US has dropped to third place with a 10% share. In emerging markets, the budget 5G handsets are driving growth. Participate in the #QuizWithICICIdirect to assess your knowledge about recent updates. #ICICIDirect #smartphone #network #india #us #china #stockmarket

Are you into IPOs like many others? SEBI’s latest study has 3 facts that might surprise you. Watch the video to learn more and share it with others. #ICICIDirect #sebi #ipoalert #stockmarketindia