SBNRI Team
answered on 03/04/2020
Account Opening Grid: Open an NRI Account Documentation Requirements NRE/NRO/FCNR Account opening process for each bank is different. The structure to open an NRI Account is – 1. Get the required documents ready, 2. Attestation and KYC 3. Bank gets the courier pick up done from NRI’s residence or NRI couriers it to […]
SBNRI Team
answered on 11/09/2020
1. Yes you can continue to invest in your PPF Account after becoming an NRI on a non-repatriation basis. But you can only do so till its maturity (15 years). You can not extend the PPF account once it’s matured. 2. No sir. You can’t have a savings account in India after becoming an […]
SBNRI Team
answered on 04/04/2023
Portfolio Management Services (PMS) are investment vehicles designed to provide professional management of portfolios, enabling NRI investors to achieve their financial goals. Choosing the right PMS is critical to ensure that your investments are managed effectively for the long term and generate the returns you are looking for. Fortunately, there are many portfolio management services […]
SBNRI Team
answered on 30/03/2020
Portfolio Management Services (PMS) can be understood as the management of funds of HNIs (High Net-Worth Individuals: A wealthy person, in particular one with investable assets in excess of $1 million) by various wealth management companies or Portfolio Managers (people responsible for handling your account) who invest these funds into a varied range of stocks, […]
SBNRI Team
answered on 30/03/2020
Can NRI invest in PMS? Before understanding that, let us first learn about what is PMS or Portfolio Management Services (PMS) Portfolio Management Services (PMS) can be understood as the management of funds of HNIs (High Net-Worth Individuals: A wealthy person, in particular one with investable assets in excess of $1 million) by […]
SBNRI Team
answered on 30/03/2020
Portfolio Management Services (PMS) can be understood as the management of funds of HNIs (High Net-Worth Individuals: A wealthy person, in particular one with investable assets in excess of $1 million) by various wealth management companies or Portfolio Managers (people responsible for handling your account) who invest these funds into a varied range of stocks, […]
SBNRI Team
answered on 30/03/2020
Portfolio Management Services (PMS) can be understood as the management of funds of HNIs (High Net-Worth Individuals: A wealthy person, in particular one with investable assets in excess of $1 million) by various wealth management companies or Portfolio Managers (people responsible for handling your account) who invest these funds into a varied range of stocks, […]
SBNRI Team
answered on 30/03/2020
Every Portfolio Management Service Scheme has certain Fund Management charges that may vary up to 2.50%* of the investment amount depending upon the PMS provider chosen for investments. What is PMS Service? Portfolio Management Services (PMS) can be understood as the management of funds of HNIs (High Net-Worth Individuals: A wealthy person, in […]
SBNRI Team
answered on 30/03/2020
The minimum investment in PMS/limit to avail Portfolio Management Services for both NRIs and Residents is Rs.50,00,000/- (Rs. 5 Million). This can be done either by paying through existing funds or through the transfer of an existing investment portfolio to the service provider. How to invest in PMS? Portfolio Management Services (PMS) can […]
SBNRI Team
answered on 30/03/2020
Yes. NRIs from the USA can invest in PMS in India. PMS stands for Portfolio Management Services. They need the following 3 accounts to invest in PMS : A PIS Bank Account (a normal bank account where your money resides), A Trading Account (a share broker account which allows you to trade in equity, F&O […]
SBNRI Team
answered on 12/05/2022
Portfolio Management Service (PMS) is a unique and customized portfolio in stocks, fixed income, debt, cash, structured products and many other individual securities. PMS are managed by a professional money manager and can be tailored to meet specific investment objectives. The cost involved in a PMS is higher than in mutual funds because of greater […]
SBNRI Team
answered on 14/05/2022
PMS or Mutual Funds We receive a lot of queries from many NRI investors who struggle between PMS and mutual funds. With so many investment options to choose from, it is very confusing to select the right investment option for most individual investors. For example, there are many ways to invest in equities – […]
