NRI Investments in India

Hii Buddy, Here would you please provide me Tips for NRIs to Invest in Indian Mutual Funds?

[Pathak]

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).