nri_invests

Know about NRI investing in Indian Markets. Ask me about investments ideas & I’ll answer to best of my abilities.Spent 13 years of my career in managing wealth.

[nri_invests @nri_invests]

The current tax liability for NRI’s is:

Equity MF’s

LTCG - 10% ( TDS - 10%)
STCG - 15% ( TDS - 15%)

Other than Equity:
LTCG-20% after Indexation-(TDS -20%)
STCG - as per income slab ( TDS - As per Income slab)

#simplifyinginvesting #nri #oci #pio #india #personalfinance

[nri_invests @nri_invests]

If you are a NRI based out of Canada or USA, the following AMC’s allow you to invest in Mutual Funds:

Birla Sun Life MF
SBI MF
UTI MF
ICICI Prudential MG
L&T MF
PPFAS MF
Sundaram MF

[nri_invests @nri_invests]

The KYC process is fairly simple and the investor can either be a NRI or PIO or OCI to get verified.

#NRI #KYC #OCI #PIO #mutualfunds #simplifyinginvesting

[nri_invests @nri_invests]

.. or more during the previous year & 365 days or more during 4 years immediately preceding the previous year.
However, condition No. 2 does not apply where an individual being citizen or of Indian origin, who being outside India, comes on a visit to India during previous year.

[nri_invests @nri_invests]

Who is a #NRI? - Non-resident Indian' is an individual who is a citizen of India or a person of Indian origin and who is not a resident of India. As per section 6 of the Income-tax Act, an individual is said to be non-resident in India if he is not a resident in India..- 1/n

[nri_invests @nri_invests]

and an individual is deemed to be resident in India in any previous year if he satisfies any of the following conditions:
1. If he is in India for a period of 182 days or more during the previous year; or
2. If he is in India for a period of 60 days... 2/n

[nri_invests @nri_invests]

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[nri_invests @nri_invests]

As an NRI you can invest in the below options*

1. Fixed Deposits - NRE/NRO & FCNR
2. Shares & Mutual Funds - Restrictions may apply AMC wise, especially US residents.
3. Bonds & NCD’s
4. Gold
5. Real Estate - Not Agricultural Land.

#NRI #nriinvesting #nriinvestments #invest