| Are you an NRI and looking to invest in mutual | | | | How can NRI invest in mutual funds? |
| funds in India? Read on, this article will guide with | | | | An NRI can invest in mutual fund schemes in India |
| some of the options available to you in India to | | | | through the money lying in the credit of NRE/NRO |
| help you in choosing the right one. Mutual fund | | | | account or may be through banking channels |
| investment has gained momentum in India over | | | | which are approved by the authority. |
| past few years and it is a wise decision to invest | | | | All you’ll need to do to invest in mutual fund is |
| in mutual funds for getting good returns. | | | | by submitting a duly completed application form |
| Of late, India has emerged as one of the most | | | | along with cheques or DD to investor service |
| productive place for investment across the globe. | | | | center. |
| The reason why more and more people want to | | | | To invest on mutual funds, it is compulsory to |
| invest their money in India is because of the fast | | | | have an NRE bank account. General permission |
| growth which India is witnessing in the recent | | | | has been granted by the Reserve Bank of India |
| time. | | | | to offer mutual fund, subject to few conditions. |
| The economical grow quite evident with the kind | | | | These conditions are: |
| of confidence the investors are showing towards | | | | The investment amount has to be received by |
| India as a major investment hub. | | | | inward remittance through normal banking |
| With so many investors wanting to invest their | | | | channels or through debit to an NRE Bank account |
| money in mutual fund India, it surely has become | | | | of the investor. |
| the spotlight of investing map in the world. The | | | | The net amount of the interest or dividend and |
| investors feel that their money is in the safe | | | | proceeds of units should be remitted through |
| hands as mutual funds carry minimal risks when | | | | normal banking channels or be credited to NRE |
| compared to equities and therefore it is a good | | | | bank account of the investor as mentioned by |
| bet for long term gains. | | | | him / her with a condition of payment of |
| People of Indian origin / NRIs are eligible to invest | | | | applicable tax. |
| in mutual funds in India after taking general | | | | |
| permission from Reserve Bank of India. | | | | Tax liability for income received from NRI mutual |
| Huge capital returns are encouraging more and | | | | fund: |
| more NRIs to invest in mutual funds of late and | | | | Section 10 (35) of Income tax Act, 1961 defines |
| the results are also overwhelming. | | | | that income received from mutual fund |
| So how do you go about your investing your | | | | investment under section 10 (23D) is exempt |
| money in mutual funds in India? Just read rest of | | | | from income tax. Therefore all dividends are tax |
| the article. | | | | free on NRI mutual fund held by the investor. |
| As per the provisions of schedule 5 of the foreign | | | | However any tax that is applicable will be |
| exchange management an NRI can invest in most | | | | deducted at source. |
| of the mutual funds India offers. | | | | |