Saturday, February 27, 2016

8 Things NRI should Know about Mutual Fund Investment

If you are an NRI and investing in Mutual funds in India, here are a couple of things you should know.

1) NRIs are allowed to invest in mutual funds in India on a repatriable or non-repatriable basis. Based on which type of investment you choose, there are certain rules to follow.

2) The investments carry the right of repatriation of capital invested and capital appreciation only till the investor remains an NRI.

Friday, February 19, 2016

Is it Mandatory to Open NRI Accounts for Indians Living Abroad

If you have recently moved to overseas from India and wondering should you open an NRI accounts or not then you should read this article. Do I receive questions like why should I open NRI account? Is it mandatory for NRI to open NRE or NRO account? and much more on similar lines. I'll try to answer some of these questions in this article. First of all, it's not mandatory for an NRI to open NRI bank accounts in India, but it is mandatory to convert your resident bank account to NRO account according to FEMA law.