Skip the hassle of complicated KYC, Invest in Indian Mutual Funds to accelerate your wealth accumulation. A dedicated wealth manager automated and Tax-optimized investing, & much more...
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Niraj Singh
Design Director, US Google
Equity
Debt
Hybrid
40.08%
(3Y CAGR)
28.28%
(3Y CAGR)
28.01%
(3Y CAGR)
27.82%
(3Y CAGR)
26.57%
(3Y CAGR)
26.51%
(3Y CAGR)
26.37%
(3Y CAGR)
NRIs have access to a wide array of mutual fund options, each carefully crafted to help them achieve their diverse investment goals in the Indian market. Whether you're an NRI prioritizing high growth potential, seeking stable income generation, or aiming for a balanced approach, you can find a mutual fund type that perfectly matches your investment profile.
Get a diversified, expert-built portfolio to help you invest like a pro. Helping minimize taxes and maximize returns—while you focus on living your life
We track market changes daily, and re balance as needed, keeping you updated through your dedicated relationship manager.
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Set and achieve your financial goals with ease. Get strategic investment plan tailored by expert to help you meet milestones.
Set up a Systematic Investment Plan (SIP) to smooths out market ups and downs and building a savings habit without effort.
A Systematic Withdrawal Plan (SWP), you can instruct the fund house to redeem mutual fund money periodically is perfect for managing your India expenses or cash flow for your retirment.
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Effortlessly add multiple accounts to invest your money in India as well as overseas.
Benefit from smart notifications and regular market updates on Indian and global markets, enabling you to accumulate wealth more quickly.
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Choose between pre-made baskets by experts or request a custom basket to invest with confidence.
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Reports that help you see which funds outperform their benchmark and which do not.
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Not all mutual funds are accessible in every country. We made it hassel free for you to invest and redeem.
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Create your FREE NRI Mutual Fund account by validating KYC
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Verify passport, overseas address proof and bank account.
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Select your first mutual fund & Invest One Time or SIP with as low as ₹100
Get Started
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A mutual fund is a professionally managed investment vehicle that pools money from multiple investors to invest in equities, bonds, and other securities. The fund's value is determined by its Net Asset Value (NAV), calculated based on the market value of its holdings after deducting expenses. Mutual funds are ideal for investors looking for diversified, professionally managed investments without the need for extensive market research. With a wide range of schemes catering to various financial goals—retirement, education, home purchase, and more—mutual funds offer flexibility and growth potential.
Yes, Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) can invest in Indian mutual funds on both a repatriation and non-repatriation basis. However, they must comply with regulations under the Foreign Exchange Management Act (FEMA) and complete their Know Your Customer (KYC) process before investing. Read more: KYC for NRI Mutual Fund
FEMA Compliance: As per FEMA Notification No. 13 (May 3, 2000), an NRI is an individual residing outside India who is a citizen of India. This regulation governs where and how NRIs can invest.
Income Tax Act & Residential Status: According to the Income Tax Act, 1961, an individual is classified as a resident if they have stayed in India for 120 days or more in a financial year and at least 365 days in the preceding four years. If their Indian income exceeds ₹15 lakh, they must follow the 120-day rule.
Restrictions for US & Canada NRIs: Due to FATCA compliance, some mutual fund houses impose restrictions on NRIs from the US and Canada. However, we understand the complexities of these regulations and have partnered with AMCs, including Aditya Birla Sun Life Mutual Fund, Sundaram Mutual Fund, Quant Mutual Fund, Nippon India Mutual Fund, UTI Mutual Fund, and Navi Mutual Fund, that offer investment facilities for NRIs.
SBNRI empowers NRIs and PIOs to achieve their financial goals through Indian mutual fund investments, offering benefits such as:
Disciplined Investing with SIPs: Start small and invest regularly with SIPs, a convenient way for NRIs to participate in the Indian market.
Flexible Portfolio Management: Easily switch between funds to optimize your portfolio based on market dynamics and your changing needs.
Tailored Investment Strategies: Choose growth or dividend options to align with your specific financial objectives.
Hassle-Free Repatriation: Repatriate your investment proceeds smoothly, in accordance with FEMA guidelines. (Repatriation: The Detailed Process for NRIs)
Diversification for Global Indians: Diversify your investments across various asset classes to mitigate risk and tap into India's economic potential.
Expert Guidance: Connect with our experienced wealth managers for personalized advice on fund selection, portfolio reviews, and achieving your financial goals.
Navigating the complexities of NRI taxation can be challenging. SBNRI is here to simplify the process for you. Our team of experts can provide personalized guidance on tax planning, DTAA benefits, and optimizing your investment strategies in light of the latest tax regulations.
Tax Implications
Capital Gains Tax (TDS): Tax is deducted at source (TDS) based on the fund type and holding period. The rates below reflect the recent changes and are effective as of 2024.
Equity Funds:
• STCG (less than 1 year): 20%
• LTCG (1 year or more): 12.5% (on gains exceeding ₹1 lakh)
Debt Funds:
• STCG (less than 3 years): Taxed as per the individual's income tax slab
• LTCG (3 years or more): 20% with indexation or 10% without indexation (for unlisted funds)
Dividend Taxation: Dividends are taxed as per the NRI's applicable income tax slab. Read more: Tax Slabs for NRIs
Tax Return Filing: NRIs may not need to file returns if income consists only of investment gains with proper TDS deductions. However, filing can help claim TDS refunds or if your total income in India exceeds the basic exemption limit.
Tax Benefits for NRIs
Section 80C Deduction: Investments in Equity Linked Savings Schemes (ELSS) funds continue to offer tax benefits under Section 80C of the Income Tax Act, allowing deductions up to ₹1.5 lakh.
DTAA (Double Taxation Avoidance Agreement): One of the most valuable tools available to NRIs is the Double Taxation Avoidance Agreement (DTAA). India has DTAAs with numerous countries, designed to prevent NRIs from being taxed twice on the same income – once in India and again in their country of residence.
How DTAA Benefits NRIs
Reduced Tax Rates: DTAAs often specify lower tax rates on certain types of income, such as capital gains, dividends, and interest, than the standard rates.
Tax Credit: You may be able to claim a tax credit in your country of residence for taxes paid in India, effectively reducing your overall tax burden.
Exemption from Tax: In some cases, a DTAA may exempt certain types of income from taxation in India altogether.
Countries Covered by DTAA: India has an extensive network of DTAAs with countries across the globe. Some notable examples include: United States, Canada, United Kingdom, Australia, Singapore, United Arab Emirates.
How to Benefit from DTAA: To claim the benefits of a DTAA, you typically need to:
Determine Applicability: Check if a DTAA exists between India and your country of residence.
Meet Eligibility Criteria: Ensure you meet the residential status requirements as defined by the DTAA.
Provide Documentation: Submit the necessary documents to the Indian tax authorities, such as a tax residency certificate from your country of residence.
For more details, refer to Double Taxation Avoidance Agreement Guide for NRI, Income Tax India DTAA
Read More : NRI-income-tax, How to deal with Income Tax Notices for NRIs, FATCA in Mutual Funds
Mutual funds companies: Quant | Nippon | Axis | HDFC | Mirae Asset | UTI | ICICI | SBI | PPFAS | Kotak | Navi | Aditya Birla | Canara Robeco
Do I need a Demat account as an NRI investing in mutual funds?
No, to invest in Indian mutual funds, NRIs will need a PAN card and an NRE (Non-Resident External) or NRO (Non-Resident Ordinary) account. In addition, all investors, including NRIs, must complete the KYC (Know Your Customer) process as per regulatory requirements.
Is SIP allowed for NRI?
Yes, Systematic Investment Plans (SIP) are available for NRIs, offering a convenient way to invest regularly in mutual funds.
Can NRI invest in mutual funds from NRO account?
Yes, NRIs can invest in mutual funds from their NRO (Non-Resident Ordinary) account. However, these investments are typically non-repatriable.
What is DTAA for NRI?
A Double Taxation Avoidance Agreement (DTAA) is a treaty between two countries that aims to prevent double taxation of income. It helps NRIs avoid being taxed twice on the same income, once in India and again in their country of residence. Read more: DTAA Guide for NRIs
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