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HDFC Asset Management Company Limited (HDFC AMC) / HDFC Mutual Fund is not guaranteeing or promising or forecasting any returns.
The Calculator alone is not sufficient and shouldn't be used for the development or implementation of an investment strategy.
In 2007 the company accepted a PE investor to further facilitate help in its operations.
In early 2014 India’s Stock Exchange, the NSE, took a position in the Company.
So finally, US govt passed this FATCA law and signed treaties with various countries across the world. So now various financial institutions based in India are asking all their customers to give a declaration about their tax residency, place of birth and if they are paying taxes in any other countries.
I am not going into too much of detail here, because you can read it in detail in this moneylife article here .
In this article I will quickly guide you about what is this FATCA Compliance and how you can update this information with AMC online in 5 min.
CAMS is an institutionally owned company with three shareholders - NSE Strategic Investment Corporation – subsidiary of National Stock Exchange Ltd., HDFC Bank group and Acsys.
This was a promising venture, and for a period of 3–4 years in the early 90s, it was one of the establishments in Chennai, similar to NIIT in the education domain.
If an investor fails to update their FATCA declaration, then their additional investments will not be processed in future and any SIP which is currently running will also get stopped.
So it’s suggested that you complete the declaration as soon as possible.
Foreign Account Tax Compliance Act or FATCA was passed in US in the year 2010 to make sure that the financial institutions across the world share some basic information of their US based clients.