NRE or NRO for Mutual Funds: Which Account should NRIs Use?

 Although NRIs can invest in mutual funds in India, AMCs in India don’t accept investments in any other currency except the INR. NRI investors need to open any of the 3 accounts - NRE, NRO and FCNR accounts - to make investment in mutual funds. NRIs and OCIs can invest in mutual funds in India on a repatriation and non-repatriation basis. Non-Resident Indians usually have both NRE and NRO bank accounts. However the question arises which one is the most suitable bank account i.e. NRE or NRO for mutual funds in India?

Manoj Negi

· 16,033 views

Putin Puts Forth Proposal for Visa-Free Travel with India

 President Putin and Prime Minister Modi had a meeting at the annual summit of the Shanghai Cooperation Organisation (SCO) in Samarkand, Uzbekistan. Putin stated that India’s rich history and ancient culture greatly interest the Russian people. According to Russia’s official news agency, TASS. Putin added, "we propose accelerating the process of negotiations towards an agreement on visa-free tourist travel."

Aruna Luthra

· 6,450 views

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