Ask, Answer & Discover

Q: How long will it take to process an application?

A: can you please mention the application name which you want to process.

• 13 Days ago
• Others - Business and Finance
• See Answer

Q: What is a folio number?

A: A Folio number is your Account Number in a Mutual Fund Scheme, under which yours Unit holdings in a mutual fund scheme are recorded in the Unit Holders’ Register. Most Mutual Funds allot a...

• 18 Days ago
• NRI Investments - Business and Finance
• See Answer

Q: What is the total expense ratio?

A: Expense ratio represents the annual fund operating expenses of a scheme, expressed as a percentage of the fund’s daily net assets. Operating expenses of a scheme are administration, management,...

• 18 Days ago
• NRI Investments - Business and Finance
• See Answer

Q: Can NRI invest units in cash?

A: Yes, cash investments up to ₹50,000 per investor, per mutual fund, per financial year are permitted. However, the repurchase or dividend payment is not made in cash but paid by cheque/draft or...

• 18 Days ago
• NRI Investments - Business and Finance
• See Answer

Q: If a mutual fund scheme is wound up, what happens to investors money?

A: In case of winding up of a scheme, the mutual funds refund to the unitholders whose names appear in the Unit Holders’ Register value of their outstanding Units at prevailing NAV, after adjustment...

• 18 Days ago
• NRI Investments - Business and Finance
• See Answer

Q: What is the Total Return Index (TRI)?

A: Total return index (TRI) is an index that measures the performance of a group of components (say, equities or debt instruments) by assuming that all cash distributions are reinvested, in addition...

• 18 Days ago
• NRI Investments - Business and Finance
• See Answer

Q: Is PAN card needed by an NRI to invest in mutual funds?

A: Yes, NRI person who wants to invest in a mutual fund scheme must have to submit a copy of a valid PAN card to an issuing authority. Submission of PAN card is compulsory for all prospective and...

• 19 Days ago
• NRI Investments - Business and Finance
• See Answer

Q: Can an NRI make an investment through Power Of Attorney?

A: After the NRI has made the initial investments, it may not be possible for him to keep track of his money and take investment decisions based on market movements that at times may call for...

• 19 Days ago
• NRI Investments - Business and Finance
• See Answer

Q: Can an NRI make a nomination in his investment?

A: An NRI can make a resident Indian or NRI/PIO his nominee in the mutual fund schemes in which he has invested. An NRI can also be the nominee for investments made by a local resident Indian...

• 19 Days ago
• NRI Investments - Business and Finance
• See Answer

Q: Can an NRI invest in mutual fund tax savings schemes?

A: Yes, an NRI/PIO can invest in ELSS (Equity Linked Savings Schemes) of Mutual Funds if he or she is willing to avail tax rebate under Section 80C of the Income Tax Act 1961. Currently, the limit is...

• 19 Days ago
• NRI Investments - Business and Finance
• See Answer