Why NRIs Should Invest in Liquid Funds

NRIs should definitely invest in liquid funds. They are a good alternative to conventional saving methods. Due to their exceptionally short lending tenure, these funds are the safest of all mutual fund categories. They are suitable for saving money for unforeseen expenses. If one invests for at least a month, there is almost no possibility of losing money. They have provided returns that are up to 50% to 100% more than those of a savings account.

TDS Rate Chart for FY 2022-23: NRI TDS Rates

TDS stands for Tax Deducted at Source. Find the table of revised TDS Rates for Residents as well as Non-Resident Indians (NRIs) in India post the Union Budget of 2020 in this article. TDS is either deducted at source by the companies through which you invest your money in India, while the returns are received calculated on stipulated TDS Rates, or by institutions providing salaries to you or directly by people paying the income to you and it needs to be deposited within a stipulated time to the government.

Mutual Fund Schemes with Insurance Cover

Mutual fund investors can enjoy benefits of insurance cover at no costs. Many mutual fund houses in India are offering insurance benefits at no additional costs. Individuals who opt for an SIP (Systematic Investment Plan) for wealth creation can simultaneously get the benefits of insurance cover without additional costs. While filling out the SIP investment form, you can opt for mutual fund schemes with insurance cover.

Want to read more?

Get ready to be enlightened!

    Copy link