NRI News
Mutual Funds: How big a gift are GIFT city funds to NRIs? MintGenie explores
GIFT City funds address key concerns for NRIs by allowing investments and withdrawals in foreign currency, avoiding currency depreciation losses and tax complexities. However, they require a minimum investment of $150,000, which may limit access for some investors.
4 min read31 Jul 2024Moving abroad? Here’s a checklist for managing investments as an NRI
This comprehensive checklist and consultations with financial experts will ensure a smooth financial transition as you embark on your adventure abroad
6 min read17 Jul 2024What does NDA’s third term in governance mean for NRI investors?
NDA’s third term focuses on economic reforms, ease of doing business, infrastructure development, and renewable energy, offering NRI investors promising investment environment with tailored financial services.
4 min read24 Jun 2024Investing in India from abroad: Navigating financial hurdles for NRIs
NRIs face significant hurdles, including extensive paperwork and complex KYC norms, when investing in India.Finding a reliable financial adviser is crucial for NRIs to navigate regulations, ensure compliance, and optimize their investment strategies.
5 min read12 Jun 2024SEBI mulls boosting NRI/ OCI participation in IFSC-based FPIs. Details here
SEBI approved 100% contribution by NRIs, OCIs, RIs in IFSC based FPIs. IFSCA circular provides two alternative routes for NRI/OCI participation in Indian securities. The relaxation aims to boost Indian capital markets and requires detailed disclosures of FPI constituents.
5 min read10 Jun 2024How Singapore NRIs can navigate DTAA hurdle on capital gains tax
Singapore does not levy any tax on capital gains; NRIs there, however, have to pay tax in India and file for refunds.
5 min read26 Feb 2024Why many NRIs are missing out on India’s market rally
A complex documentation process for opening demat accounts is hindering their participation
8 min read16 Jan 2024India Calling: How should NRIs approach investing in Indian mutual funds?
NRIs must have a NRO or NRE bank account to invest in Indian mutual funds, as AMCs cannot accept foreign currency investments. All investments by NRIs are made in Indian Rupees.
2 min read5 Jan 2024Zerodha’s Nithin Kamath bats for streamlining of regulations on NRI investments in India. Details here
Nithin Kamath proposed on social media the idea of extending online onboarding to NRIs seeking to invest in India. Given that online onboarding has significantly boosted retail participation in the Indian markets, Kamath believes it could similarly enhance NRI investments.
3 min read17 Nov 2023NRIs can now electronically submit Form 10F without the need for a PAN. Details here
The CBDT’s action is seen as a substantial relief, although experts highlight that further clarification is needed on certain aspects.
2 min read6 Oct 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared