Q: What are the inherent risks in mutual funds?
A: Equity Funds are open to market risks; the price of the stocks in which the fund has invested may reduce. Conversely, the prices may go up, enabling the funds to earn profits. Debts Funds are open...
Q: Are investments in mutual fund units safe?
A: No stock market-related investments can be termed safe with certainty; they are inherently risky. However, funds have varying risk profiles, as stated in their objective. Funds, which categorize...
Q: How significant are fund costs while choosing schemes?
A: The costs of investing through mutual funds are not insignificant, and deserve due consideration, especially when you are considering to invest in fixed income funds. Factors such as management...
Q: How do I evaluate the performance of mutual fund scheme?
A: The NAV disclosed on a daily basis in the case of open-end schemes, and weekly basis in the case of closed-end schemes will help you evaluate a fund’s performance. The funds also publish...
Q: can residential/commercial property be mortgaged by NRI/PIO?
A: NRI / PIO can mortgage a residential/commercial property to :
(a) An Authorised Dealer / the housing finance institution in India without the approval of Reserve Bank
(b) A bank abroad, with the...
Q: From whom can a non-resident person inherit a property in India?
A: A person resident outside India (i.e. NRI or PIO or foreign national of non-Indian origin) can inherit immovable property from :
* A person resident in India
* A person resident outside India...
Q: Can a non-resident inherit immovable property in India?
A: Yes, a person resident outside India i.e.
i) An NRI;
ii) A PIO; and
iii) A foreign national of non-Indian origin can inherit and hold immovable property in India from a person who was resident...
Q: Can a foreign national of non-Indian origin be a second holder to immovable property purchased by NRI/PIO?
A: No, a foreign national of non-Indian origin cannot be a second holder to immovable property purchased by NRI.
Q: Are any documents required to file with the RBI after the purchase?
A: No. An NRI / PIO who has purchased the residential/commercial property under general permission is not required to file any documents/reports with the Reserve Bank.
Q: What are the options available to the depositor at maturity of FCNR account?
A: There are three options available to a depositor at maturity of FCNR account :
a. To ask for the repayment in designated foreign currency.
b. To ask for the repayment in Indian rupees or in any...