ALL >> Investing---Finance >> View Article
How Can You Benefit From Nri Mutual Fund?
NRIs can invest in India’s mutual funds if they adhere to the Foreign Exchange Management Act (FEMA). A mutual fund in your home country can help you build a diversified investment portfolio with a mix of debt and equity securities. Even if you are risk-averse and want to earn a fixed income, the Indian debt market is ideal as it offers higher interest rates.
To start with NRI mutual fund investment, you can invest in equity funds, debt funds, or hybrid funds. As one of the emerging economies in the world, India attracts thousands of foreign investors. Here are some of the benefits you can enjoy by investing in Indian mutual funds:
It is easy to manage funds online from anywhere: With the option of investing online, it is much easier to track and manage your mutual fund from wherever you are. You can buy, redeem, and switch as well as opt for systematic transfer or withdrawal online.
No need to issue cheques, DDs, physical forms, or even reside in the same country. You ...
... will receive periodic account statements through emails and portfolio disclosures from Asset Management Companies (AMC) to keep you informed.
There is scope for more profits from rupee appreciation: If the rupee value rises against the resident country’s currency, it results in more gains for you. For example, if an NRI from the UK invests EUR 1,000 in a mutual fund in India at an exchange rate of INR 100 to EUR 1, then even with possible depreciation, they can reap good returns.
When you invest in an NRI mutual fund, your investment carries the right to repatriate the amount invested and earned until you hold an NRI status. Submit proof of residence in your country of origin. You need to attach attested evidence along with the application. You can choose to invest in your home country. The process may seek complicated. However, in the long run, the return on investment would be worth it.
Asset Management Companies (AMC) in India do not accept investments in foreign currencies. NRI mutual funds in India require you to open an NRO account, NRE account, or an FCNR account with any Indian banks. You can invest through direct banking channels or using power of attorney.
For investing through direct banking channels, submit your application with KYC documents (latest photograph, attested copies of PAN card, passport, overseas residence proof, and bank statement) indicating that the investment is on a repatriable or non-repatriable basis. Power of attorney holders can invest on your behalf and make decisions. Hence, mutual fund companies require both signatures on KYC documents.
Investing / Finance Articles1. 6 Reasons You Need To Hire A Tax Accountant For Your Small Business
Author: Tax Return
2. The Pros And Cons Of Investing In Commodities Markets
3. Intraday Trading Strategies - Most Profitable Strategy In 2021
Author: David Smith
4. How To Start Gst Suvidha Center-a High Profitable Franchise Business In 2020
Author: Amit Sood
5. Form 2290 Online Filing For 2021
Author: chloe bennet
6. New York Attorney General Shuts Down Coinseed For Converting Customer Funds Into Dogecoin Without Consent
Author: Joyashree Dey
7. Apply For A Personal Loan Using Instaloan App
Author: Ankit Verma
8. Mortgage Debt Management Can Improve The Credit Score!
Author: FREED FINANCIAL SERVICES LLC
9. 9 Retirement Planning Tips For Young Adults
Author: Financial Planning
10. Managing Your Wealth The Right Way
11. Ethereum Price Prediction 2022
Author: jessica smith
12. Parameters To Compare Mutual Funds
Author: Quantum Mutual Fund
13. Gold Mutual Funds Vs. Gold Etfs: Where Do Investors Invest?
Author: Quantum Mutual Fund
14. Top 10 Altcoins Institutional Investors Are Focusing On
Author: Ashish - Financial Journalist
15. How To Make Money In Cryptocurrency?