Q: How to get KYC and FATCA requirements fulfilled in India?

A: NRIs on a visit to India can simply contact a mutual fund distributor or visit any mutual fund registrar officer with the aforesaid documents and complete the KYC and FATCA process. Documents...

• 46 Minutes38 Seconds ago
• NRI Investments - Business and Finance
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Q: Can an NRI redeem mutual funds with original documents through fax?

A: No, investors are not qualified to redeem mutual fund on the basis of fax applications due to some legal restrictions. A request without a valid signature always gets rejected.

• 48 Minutes32 Seconds ago
• NRI Investments - Business and Finance
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Q: Can NRIs invest 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 make investment decisions based on market movements that at times may call for...

• 49 Minutes45 Seconds ago
• NRI Investments - Business and Finance
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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...

• 56 Minutes14 Seconds ago
• NRI Investments - Business and Finance
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Q: Can NRI invest in a mutual fund tax savings scheme?

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...

• 57 Minutes27 Seconds ago
• NRI Taxes - Business and Finance
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Q: How the dividends and redemptions proceeds are paid to NRIs?

A: Normally, dividends and redemptions are paid through direct credit to the designated bank account provided by the NRI in the scheme.

• 1 Day ago
• NRI Investments - Business and Finance
• See Answer