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KYC refers to Know your Customer. It is a simple process of verifying the details provided by the customer for purposes such as investments, registration etc.   Checking of your KYC Status can be done at any of the registered KRA (KYCs Registration Agencies) such as: CAMS Investor Services CDSL Ventures (cvlkra.com) There is no […]

Yes. An NRI can invest in Mutual Funds In India using their NRE/NRO accounts.   In order to invest in Mutual Funds, NRIs must be registered with a Registered Transfer Agents (RTAs). These RTAs maintain a detailed record of Mutual Fund Investors. There are a number of wealth management services and digital platforms that can […]

The tax on Mutual Funds will be deducted on the format for TDS for an NRI. There are no separate rates for TDS. For an NRI investing in Mutual Funds in India, the gains are pre-taxed (TDS) before they are received in the bank account of the NRI.   Is NRI eligible for refund on […]

KYC refers to Know your Customer. KYC of Mutual Funds for NRIs is a simple process of verifying the details provided by the customer.   The following documents are needed for KYC of Mutual Funds for NRIs: Copy of your passport with name, photograph, address and Date of Birth PAN Card Current Residential Proof (temporary or […]

Here is a checklist of the Mutual Fund Documents for NRI from US/UK/Middle-East 2020: KYC Form (filled and signed) Recent color photo (signed across the photo) Copy of PAN Card, notarized (On an A4 size paper) Copy of exact proof of overseas address, notarized (On an A4 size paper) Copy of first and last pages […]

Best Mutual funds for US NRIs: Updated List 2020 DHFL Pramerica Mutual Fund Birla Sun Life Mutual Fund ICICI Prudential Mutual Fund SBI Mutual Fund UTI Mutual Fund L&T Mutual Fund PPFAS Mutual Fund (Parag Parikh Financial Advisory Services) Sundaram Mutual Fund   Different types of Mutual Funds are taxed differently:  While there are multiple […]

The basic problem that NRIs from the USA encounter is the lack of knowledge of investment opportunities that are present in India considering Mutual Funds.     Here is a list of Mutual Fund Houses that accept investments from US:  DHFL Pramerica Mutual Fund Birla Sun Life Mutual Fund ICICI Prudential Mutual Fund SBI Mutual […]

TDS on Mutual Fund for NRI is a very complex subject. To make it clear, let us first understand the mediums of investment in mutual funds. NRIs can invest into mutual funds from their NRE and NRO accounts. Now a brief description of these accounts can be understood as:   Non-Resident External (NRE): The NRE […]

Taxation on Mutual Funds for NRI: Different types of Mutual Funds are taxed differently   *(Equity Funds: An equity fund is a mutual fund that invests principally in stocks)   *(Debt Funds: A debt fund is a mutual fund that invests in fixed-interest generating securities such as corporate bonds, government securities)   Nature of Profits […]

Mutual Fund and Taxation is a very complex subject. To make it clear, let us first understand the mediums of investment in mutual funds. NRIs can invest into mutual funds from their NRE and NRO accounts. Now a brief description of these accounts can be understood as:   Non-Resident External (NRE): The NRE account can […]