FPIs dump Indian equities worth Rs 37,631 cr in FY23; trend likely to reverse in FY24

FPIs dump Indian equities worth Rs 37,631 cr in FY23; trend likely to reverse in FY24 https://ift.tt/nLjIbuF portfolio investors (FPIs) withdrew Rs 37,631 crores from Indian equities during the last fiscal year, after selling a record amount the previous year. However, FPIs are expected to return in the current financial year as India has a high growth potential in 2023-24. Factors including US federal reserve policy, oil prices and geopolitical developments may affect FPI flows this year. Domestic institutional investors have absorbed the massive selling by FPIs, while oversold sectors such as FMCG, capital goods, and healthcare hold potential for contrarian growth, according to Geojit's Chief Investment Strategist.

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What happens if husband dies without a will | Economic Times

Given the uncertainty of life in the face of Covid-19, it is advisable to write a will if you have assets and want to pass them on to your family members smoothly. However, the urgency and importance of a will and nomination are not fully realised because no one believes it will happen to them.Especially vulnerable are dependants like children and homemaker spouses, who have stayed away from the entire process of financial transactions and wealth management. Women are typically unaware of their legal rights regarding property, let alone know how to access it. What should they do if their husbands die suddenly without a will? How is his property distributed and does it differ for women of different religions?1. Assets distributed as per law based on religionIf the husband dies intestate, i.e., without a will, the assets are distributed as per the law based on his religion. For Hindus, Jains, Buddhists and Sikhs, the distribution is governed by the Hindu Succession Act, 1956, and the Hin...

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