Wealth Wielders

NRI CORNER FAQ'S

Yes, NRIs are allowed to invest in Indian mutual funds, subject to certain regulations set by the Securities and Exchange Board of India (SEBI).

NRIs can invest in most types of mutual funds available to Indian residents, including equity funds, debt funds, hybrid funds, and exchange-traded funds (ETFs).

NRIs can invest in Indian mutual funds either directly or through the Portfolio Investment Scheme (PIS) route offered by designated banks. They must also have an NRE/NRO bank account and a PAN card.

NRIs are subject to different tax regulations compared to resident Indians. The tax implications depend on factors such as the type of mutual fund, holding period, and double taxation avoidance agreements (DTAA) between India and the NRI’s country of residence.

Repatriation of funds, including the principal amount and capital gains, is generally allowed for NRIs investing in Indian mutual funds. However, there may be certain limitations and procedures to follow, depending on the amount and purpose of repatriation.

Yes, NRIs are permitted to invest in IPOs and trade in the secondary market stocks in India, subject to guidelines prescribed by SEBI and the Reserve Bank of India (RBI).

NRIs are required to comply with reporting requirements set by SEBI, RBI, and the Income Tax Department. This includes providing information about their investments and income earned from Indian securities.

NRIs are allowed to participate in Indian derivatives markets, subject to certain conditions and regulatory guidelines issued by SEBI and the respective stock exchanges.

NRIs can stay informed about regulatory changes and investment opportunities in Indian markets through various sources, including financial news websites, regulatory announcements, and consultation with financial advisors specializing in NRI investments.

Mutual fund investments are subject to taxation based on factors such as the type of mutual fund, holding period, and the investor’s tax status. Long-term capital gains tax benefits may be available for equity mutual funds, while debt mutual funds are subject to different tax rates.