Top 10 Mutual Fund Companies in India for Investment in 2023

 Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, and other securities. In recent years, a large number of people in India, as well as NRIs, are shifting their investments towards mutual funds. There are many mutual fund houses in India. Each fund house provides different schemes for investors to choose from depending on their investment goals. Let’s look at the top 10 mutual fund companies in India.

Manoj Negi

· 4,939 views

What are the uses of a PAN Card for NRIs?

 Today, Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) are spread across the globe. According to a report by the United Nations, India had the largest diaspora population in the world with 18 million people living outside India till 2020. A PAN (Permanent Account Number) Card is mandatory not only for resident Indians but also for NRIs who wish to invest in India or have any Indian income. Let’s understand the uses of a PAN card for NRIs and OCIs.

Manoj Negi

· 31,321 views

PAN Aadhaar Linking for NRI: Is it Mandatory?

 PAN Aadhaar Linking for an NRI: There is a notification under the Income Tax Act that says: “Link you PAN with Aadhaar before 31st March 2021 else the PAN shall become inoperative” Now, NRIs are worried about this penalty and have constantly been asking about PAN Aadhaar Linking. Since, most of them don’t have an Aadhaar card, this doubt becomes more and more legit! Let’s take a look at the summary of some of the sections in the Income Tax Act and create a sequence that will enable us to understand whether linking of the PAN Card with Aadhaar Card is mandatory for an NRI or not.

Manoj Negi

· 139,339 views

Reassessment Income Tax Notice to NRIs: How to Respond to it?

 Several UAE-based Non-Resident Indians (NRIs), have received an income tax notice from the Indian Income Tax Department regarding their previous investments in India. This has caused worry among NRIs about how to proceed after receiving such notices, especially when they are not familiar with Indian tax laws and regulations. However, it is essential to respond to such notices promptly to avoid any legal consequences. In this blog, we will explain how NRIs should respond to a reassessment income tax notice.

Charu Dhasmana

· 6,456 views

Mutual Funds for UAE-Based NRIs to Invest in India

 Indian diaspora constitutes the largest population of the UAE, approximately 33% of the country’s population. NRIs living in UAE can invest in mutual funds in India to achieve their short and long-term financial goals, such as the purchase of house, child’s education, retirement, etc. However, there are some important guidelines and rules related to investment in mutual funds by NRIs. They need to adhere to Foreign Exchange Management Act (FEMA) to invest in mutual funds in India. Here are some of the best mutual funds for UAE-based NRIs along with guidelines.

Manoj Negi

· 19,416 views

Mutual Funds for NRIs in Singapore to invest in India

 As India is one of the fastest growing large economies in the world, investment in the Indian stock market is a great opportunity for NRI investors to grow their wealth. Individuals with good market know-how can invest in stocks directly. However, investment through mutual funds is a more cost effective and less risky solution. All mutual fund houses allow NRIs to invest in their schemes, such as SBI mutual fund, HDFC mutual fund, ICICI prudential mutual fund, etc. In this article, we have covered some of the best mutual funds for NRIs in Singapore and other important details.

Manoj Negi

· 17,157 views

Mutual Funds for NRIs in Australia to Invest in India

 Indians are the third largest migrant group in Australia. Many Indians have been migrating to Australia for study and jobs over a couple of years. Indians in Australia, including NRIs and PIOs (Persons of Indian Origin), are eligible to apply for various financial and banking services in India, such as NRI bank accounts, investment in stocks, mutual funds and exchange-traded funds (ETFs), etc. However, unlike resident Indians, there are limited mutual funds for NRIs in Australia. NRIs who want to invest in mutual funds in India have to follow some important rules and guidelines in Foreign Exchange Management Act (FEMA).

Manoj Negi

· 16,926 views

Challenges in Doing Business in India for NRIs

 Non-Resident Indians (NRIs) have always been an integral part of India's economy. Along with large inward remittances, NRIs also bring along skills, vast knowledge and expertise when setting up businesses in India. India received the highest annual FDI inflows of $84.835 billion in the Financial Year (FY) 2022. However, despite their immense contributions, NRIs face several challenges in doing business in India. In this blog post, we will discuss some of the significant challenges faced by NRIs while doing business in India.

Charu Dhasmana

· 4,592 views

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