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Latest Questions

Q: How does NRI dematerialize securities purchased while she/he was resident?

A: As per FEMA rules, NRI must regularize his/her holdings to reflect the change of status - in this case, bring them to 'Non-Resident' status. For this, NRI must submit (if not already submitted to...

Q: What are the procedures to be followed in respect of investments in securities in case person resident in India becomes NRI?

A: On becoming an NRI, a new depository account with appropriate NRI status is to be opened and all the balances held in an account with 'Resident' status should be transferred to the account with NRI...

Q: What are the procedures to be followed in respect of investments in securities in case an NRI becomes person resident in India?

A: On becoming a resident, a new depository account with appropriate status - 'Resident' in this case - is to be opened and all the balances held in an account with 'Non-Resident' status should be...

Q: What steps does NRI need to take to start investing in the Indian stock market?

A: An NRI should open a new bank account (NRE/NRO or both) with a designated bank which is approved by RBI (Reserve Bank of India) for this purpose. He should apply for a general approval for...

Q: How can an NRI remit the sales proceeds of equity shares held in his own name to an Indian citizen?

A: In order to facilitate quick transfer of shares/bonds/debentures held by NRIs to residents, Reserve Bank has granted general exemptions by Notifications issued under Section 19(6) of FERA1973 for...

Q: Does an NRI client have access to all the mutual fund schemes?

A: Yes, an NRI client can invest in any of the mutual fund schemes operating in the Indian mutual fund industry. However, they will not get any tax benefit for even after investing in an ELSS fund and...

Q: What refrain the NRIs to invest in mutual funds in India?

A: As per the prescribed guidelines, any NRI residing in Canada and the United States of America is not eligible to invest in mutual funds. Also, any resident of Bangladesh and Pakistan will not be...

Q: Is it possible to convert the status of an NRI mutual fund account to a resident Indian?

A: Yes, an NRI client is eligible to convert the status of his account to the resident as per the Section 6(5) of FEMA. But, few formalities are to be fulfilled. The client has to hold the...

Q: How can NRI redeem his/her investments?

A: If an NRI opts for investing online then he/she is eligible to apply online for redemption too. Otherwise, the clients are required to submit the redemption request in original at the nearest...

Q: What is the maximum amount an NRI can invest in Indian mutual funds?

A: There's no maximum limit laid down by the government for NRIs to invest in Indian mutual funds.