MUTUAL FUND NEWS

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NRI Information

Who is an NRI?
Can NRI's invest in Mutual Funds in India?
Repatriable Basis
Does an NRI need any approvals from the Reserve Bank of India to invest in mutual fund schemes?
Can NRI individuals make investments in domestic public/private sector Mutual Funds or Money Market Mutual Funds floated by commercial banks and public/private sector financial institution on non/repatriation basis?
What are the investment restrictions on NRI's for investments in Mutual funds?
Can I gift Mutual Fund Units to my relatives in India?
Can I repatriate my earnings on redemption?
Can I repatriate my initial investment, earnings (capital gains) from redemption and any dividend arising from it?
Is there any ceiling on NRI investments in mutual fund schemes?
What is the procedure for redeeming mutual fund units?
What is the tax liability on receipt of Income on Mutual Fund Units?
What is the tax liability on Redemptions? What is the rate of Tax Deduction at Source for NRI's / PIO's? What is the tax - rate on capital gains for NRI's / PIO's?
Tax Rates and TDS Rates to NRI’s / PIO’s / FII’s?
Is the indexation benefit available to NRI's?
Can an NRI gift the Units of MF's to resident Indians?
Are Units of MF's chargeable in Wealth Tax?
Is Securities Transaction Tax applicable to NRI investors?
Is there any Tax liability on switching from one option to the other?
Can NRI's invest their funds in Government securities or Units of Unit Trust of India(UTI)?
Can NRI's make investments in National Savings Certificates issued by Post Offices in India?
Can Government securities/Units be freely transferred or sold?
How can I invest in Indian equity markets? What is the procedure?
What is a designated branch?
What is the validity period of Reserve Bank’s permission?
Is there any ceiling on the investment under the Portfolio Investment Scheme?
Is dividend/interest earned in respect of investment made under the 100% Scheme freely remittable to the NRI's abroad?
Accounts to be opened and Documents to be submitted:
C) Can I repatriate my funds? If yes, how?

Attention Investor:

1) "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         2) For Stock Broking Transaction "Prevent unauthorised transactions in your account Update your mobile numbers / email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile / email at the end of the day .... Issued in the interest of Investors."         3) For Depository Transaction "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day....Issued in the interest of investors."         4) No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.