Nri Investment - Make A Wise Move!

By Author: Kirthy Shetty
Total Articles: 2542
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More and more non resident Indians are encouraged to invest in Indian stocks, Real Estate India etc. Their need for investment may be for a secured future of their child, for their parents at home, life insurance etc. Or it can be purely for the reason of making profits by investing in real estate. Real estate is a big boom in India and people are finding it lucrative to have their money in there.

This move has boosted the Indian economy and has served the NRIs parents, a source of income. Even the government is encouraging non resident Indians to pump money like never before. IT professionals, paramedical staff and medical staff are allured to overseas jobs and this is bringing in revenue to our own country, which is a good sign for Indian economy.

As an NRI, you can invest in Indian shares, debentures, real estate, insurance policies. Apart from this, banks also offer deposit schemes such as company deposits, bank deposits, certificate deposits etc, provided you hold an account with them. Some may offer you zero balance bank accounts too. If you prefer investing in mutual funds in your home town, you are free ...
... to do so. These can be domestic private and public sector mutual funds that you can reach out to. Foreign exchange brought in from abroad is encouraged this way. You can conveniently carry out direct investments in Indian companies and reap the profits staying abroad. You have access to your accounts and can make withdrawals any time.

The country will in turn get benefited by the capital contribution coming in through these NRI funds. Investment in bank deposits and company deposits may be made by NRIs. They are subject to different rules; investments with and without repatriation facilities are permitted under the schemes. As of now, NRIs are permitted to make direct investment in partnership and proprietorship firms in the country. This, the NRIs can do by way of subscription for shares or debentures of Indian companies. Further, they can also now place funds in company deposits. NRIs who undertake not to seek at any time repatriation of the capital invested in India and the income earned thereon are permitted to invest on non-repatriation basis. NRIs also have the option of investing in mutual funds floated by domestic public sector and private sector mutual funds on non-repatriation basis. Consider all kinds of investment and make the right move!

Kirthy Shetty, Platinum Author.
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