#1
4th March 2016, 08:29 AM
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NRI Investments in India
Hii Buddy, Here would you please provide me Tips for NRIs to Invest in Indian Mutual Funds?
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#2
4th March 2016, 08:29 AM
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Re: NRI Investments in India
For Investing in Indian Mutual Funds, an NRI Needs to open one of the Three Bank Accounts-Non-Resident External Rupee (NRE) Account, Non-Resident Ordinary Rupee (NRO) Account or Foreign Currency non-Resident Account (FCNR)-with an Indian Bank All Investments Made by NRIs Have to be in Local Currency, That is, the Rupee. Mutual funds in India are not allowed to accept investments in foreign currency. An NRO Account is a non- repatriable Rupee Account. Tax Liabilities OF NRIs Equity Funds/Stocks Debt Funds Short-term Capital Gains Tax 15% As per tax slab Long-term Capital Gains Tax Nil 10% without indexation, 20% with indexation Dividend Distribution Tax Nil 25% on liquid funds, 12.5% on other debt funds NRIs Can Invest in Indian Stock Markets under the Portfolio Investment Scheme (PIS) of the Reserve Bank of India (RBI). |