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Latest Questions

Q: Can NRI acquire residential property by way of gift?

A: Yes, the Reserve Bank has granted general permission to NRIs/PIOs to acquire or dispose of commercial or residential properties by way of gift from or to a person resident in India or NRI or PIO....

Q: How is the stamp duty payable on purchase/sale of any immovable property determined?

A: Stamp Duty is payable on ‘Government Market Value’ of property or the consideration agreed to be paid for the purchase of the same, whichever is higher. In areas within the limits of the Municipal...

Q: What is e-stamping notarising?

A: Any legal document which is not executed on a stamp paper has to be registered with the Government by paying the necessary judicial charges. This is called e-stamping/franking. Though printed on...

Q: What is the difference between agreement to sell and sale deed?

A: Agreement to sell is a legal document which is executed between the builder and the customer after the customer has paid 20% of the agreement value of the apartment. This document will have the...

Q: What is the difference between general Power of Attorney and POA?

A: General Power of Attorney (GPA) is an authorization given by the customer to a person if he is, owing to his professional commitments, unable to personally attend to the purchase, negotiations,...

Q: Can a Power of Attorney (POA) invest on behalf of the NRI investor?

A: Yes. Unlike banks where a POA holder cannot open an account on behalf of the NRI, in a mutual fund the POA has the authority to invest on behalf of the investor and sign documents for initial and...

Q: What is the procedure for the repatriation of redemption proceeds?

A: Investments made on Repatriation basis Under the exchange control regulations, general permission is granted to authorized dealers to allow repatriation of proceeds of investments made under...

Q: How will the redemption process be paid?

A: Redemption proceeds will be paid by a payable at par cheque and payments will be made in favor of the first investor and the bank account number shall be mentioned on the cheque as well....

Q: What is the redemption procedure?

A: All schemes of the selected mutual fund are an open-ended scheme, which means they can be purchased or redeemed at any point of time. In order to redeem funds, the investor needs to submit the...

Q: For an application for investment when will the NRI be allotted units?

A: If an application is received before the prescribed cut-off timings on any business day, the allocation of units will be at the applicable NAV adjusted for entry load, if any on the particular...