POSTED BY May 25, 2013 1:27 am COMMENTS (5)ON
Hi, my KYC was done pre-2012 so I need to submit a change-KYC and have questions on the net-worth thing?
1. Net-worth is supposed to mean “assets-liabilities”. Does assets include everything from a home, land, savings, epf, gold, mfs, shares, etc?
2. When calculating #1, does it need to include or exclude any investments made in a spouse name – like a house, mfs, shares, gold, etc?
3. Related question to #2, how is the net-worth calculated for my spouse when the investments were all made by me in spouse’s name?