NRI Corner

India has turned into a splendid investment destination for Non-Resident Indians and persons of Indian origin. A growing & robust economy, a strong Rupee and profitable companies have together ensured that investors get maximum returns from both equity and debt markets. A highly transparent and automated stock exchange and a resonant mutual fund industry have ensured that investments are liquid and transparent. Taking advantage of this environment and our proven experience in the market.

An NRI can invest in India through two different routes: one is the “automatic route,” where no government approvals are required, and the other is the “government route,” where an NRI needs to take approval from the government before making an investment.

Also, an NRI investment opportunity will specify whether it can be repatriated or not. Repatriation refers to a condition when the amount can be transferred to the source.

Some of the investment options are government securities, treasury bills, mutual funds, bonds issued by PSU, certificate of deposits, perpetual bonds, stocks, ETF, money market mutual funds, real estate property, company deposits and more

But for money to be parked for short term or long-term investments, an NRI needs to have any one of three following types of banks accounts:

Non-Resident Ordinary Rupee Account (NRO)

This account is not suitable if you want to transfer Indian earnings abroad freely as it has USD1million limit. It also needs tax paid certificate from certified CA before repatriation. Foreign funds can also be deposited in this account. The interest earned through this account is liable to be taxed in India. The interest is subject to income tax deduction at source at 30%, plus applicable surcharge and education cess, says an article published in Money Control in November 2012. It should primarily be used for depositing/managing your earnings in India.

Non-Resident External Rupee Account (NRE)

In this type of account, your funds in foreign currency are converted into Indian rupees and the rate prevailing at the time of conversion is applicable. Funds in the NRE account as well as the principal amount and interest are completely repatriable. You can open an NRE savings, recurring or fixed deposit account.

Foreign Currency Non-Resident Bank Deposits (FCNR)

These are term deposit or fixed deposit accounts, where you can deposit your money in foreign currency. This account can help you avoid the fluctuations in the exchange rate. The account can be opened jointly with an Indian resident. The deposits must be made for a minimum maturity period of one year and maximum maturity period of 5 years. The interest earned under this account is tax free, while the principal amount is taxed under wealth tax. Interest earned on FCNR fixed deposit is close to 0.5-2%.

Service Offered

Based on the need the Investor defines his investment goals. Out team with expertise design an investing mutual fund portfolio plan based on invest objectives

Professional Management

Specialized investment activity carried out by financial advisor professional.

Well Regulated

SEBI monitors activities of the mutual fund

Reduced Risk

Diversification among several investments for less risk

One Pager Portfolio Snapshot

Diversification among several investments helps reduce the risk of any single holding

Scheme that suits your risk appetite

Investors with a high-risk appetite can opt for aggressive schemes, while those with a low-risk appetite or those who need a fixed income every month can opt for MIPs & so on.

Portfolio Investment View

Investor can give mandate letter making Mr. x mandate holder to implement strategy without the loss of time and investor intervention or Investor can make one of his known person’s mandate holders who can execute documents and sign cheques on his behalf.

We monitor the performance and progress of portfolio on continuous basis and refine strategy if required and carry out portfolio rebalancing.

We provide regular update of the portfolio to the investor. Investment in stocks and mutual funds is subject to market risks.

For more information, feel free to contact us.