HDFC Mutual Funds for NRIs to Invest in India

 HDFC Asset Management Company Ltd. is one of the most popular fund houses in India that offers a wide range of mutual funds to resident as well as NRI customers. Indians living abroad can invest in HDFC Mutual Funds for NRIs to get the advantage of diversification, liquidity, professional management, etc. HDFC offers different types of mutual funds for NRIs including growth funds, or even retirement funds to cater to investors from all walks of life.

SBNRI Team

· 15,339 views

IIFL NRI Home Loan 2022: Interest & Benefits

 With an affordable home loan, NRIs can buy their dream home in India. NRIs can avail a home loan at an affordable rate of interest from IIF to buy a house or property in India. IIFL NRI home loan can be availed by salaried and self-employed applicants alike for various purposes that include the purchase of a new flat, renovation or extension of an existing home, or purchase of an existing flat or house, and purchase of land for construction of a flat or house.

SBNRI Team

· 12,087 views

ICICI Direct NRI Trading Account: Types & charges

 NRI customers can participate in India’s growth story from anywhere in the world. ICICI Securities is a technology-based firm that offers a host of financial services including investment banking, retail broking, institutional broking, private wealth management and financial product distribution services to its domestic and NRI customers. Indians living around the world can open an ICICI Direct NRI Trading Account and start investing in stocks, mutual funds, IPO and trade in Futures & Options in India.

SBNRI Team

· 16,851 views

Can NRIs buy health insurance for their parents in India? – SBNRI

 Living away from their country makes NRIs more concerned about their loved ones back in India. This is the reason they look for health insurance plans for their parents living in India. However, the question ‘Can NRIs buy health insurance for their parents in India?’ is still a common query and has gained relevance especially because of the Covid-19 outbreak. The simple answer is ‘yes’, NRIs can buy a mediclaim policy for their parents in India. The health insurance plans not only allow your parents to access the latest healthcare facilities but also protect them from hospital expenses.

SBNRI Team

· 15,601 views

NRI Status for Financial Year 2020-21: New Circulars

 The residential status of an individual, as to whether he/she is a resident Indian or a non-resident (NR) or not ordinarily resident depends on the period of a person’s stay in India during the previous year or years preceding the previous year. However, in view of the Covid-19 pandemic and the consequent overstay of an individual who had visited India before 22nd March 2020, the Central Board of Direct Taxes has issued a circular on 3rd March 2021 to determine the NRI Status for Financial Year 2020-21. CBDT clarified that the overstay of NRIs due to the Covid-19 pandemic restrictions shall not be taken into account for the purpose of determining the residential status under Section 6 of the Income Tax Act, 1961. The board clarified that income tax will not be levied on Non-Resident Indians (NRIs) who have exceeded the mandated residency limit.

SBNRI Team

· 18,118 views

LIC NRI Life Insurance: Customized Plans for NRIs

 Investment in life insurance plans leads to the creation of wealth. A file insurance policy comes in handy when needed the most. On maturity, a policyholder or the family can use the funds for a variety of purposes such as child’s education/ wedding, purchase of a new house or as a pension after retirement. Like resident Indians, Non-Resident Indians can also contribute to life insurance policies in India. Here we have picked the best LIC NRI life insurance plans that NRIs can choose from based on their requirements.

SBNRI Team

· 20,332 views

NRI Home Loan Interest Rates and Other Charges 2022

 Non-Resident Indians (NRIs) can realize the dream of buying their own home in India with an NRI home loan. NRI housing loans can be used for a variety of housing needs, such as the purchase of a flat/ house/ plot, construction of a house or renovation/ repair of an existing home. All top banks offer home loans to NRI customers at attractive interest and for flexible repayment terms. NRI home loan interest rate starts from as low as 6.80% per annum.

SBNRI Team

· 17,841 views

NRI Trading Account Charges Comparison 2022 – 23

 Non-Resident Indians (NRIs) are required to open an NRI trading account to trade in stocks, IPOs, stock derivatives, mutual funds, and bonds at BSE and NSE. NRIs are only allowed to trade in equity, equity futures & options, and currency derivatives. As per government regulations, NRIs are not permitted to do intra-day trading or trade in commodities in India. An NRI trading account can be opened with stockbrokers like Zerodha, ICICI Direct and HDFC Securities, etc. NRIs trading account charges vary from broker to broker. Here is the NRI trading account charges comparison for your consideration.

SBNRI Team

· 20,031 views
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