NRIs are allowed to invest in India as per the rules and regulations of Foreign Exchange Management Act, 1999. While taxation on the earnings from the Investments is taxed as per the provisions of The Income Tax Act, 1961.
According to FEMA 1999, A person is considered as resident outside India:
If he or she stays outside India for a period of more than 182 days in the preceding financial year or
A person who has gone outside India:
(a) For or on taking up employment outside India, or
(b) For carrying on a business or vocation outside India, or
(c) For any other purpose, in such circumstances as would indicate his/her intention to stay outside India for an uncertain period.
As an NRI (Non-Resident Indian), you are allowed to invest in mutual funds in India subject to certain rules and regulations. Here are some of the key rules and regulations that you should be aware of:
RR Finserve is a one stop Investment boutique for Mutual Funds as part of individual financial goal fulfilments. Read More…
Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.
AMFI Registered Mutual Fund Distributor, Rutesh Raval, ARN-63704 | Initial Registration: 2009 | Validity: 13 Oct 2028
Copyright © 2023 RR Finserve. All rights reserved. Disclaimer | Disclosure | Privacy Policy | SID/SAI/KIM | Code of Conduct | SEBI Circulars