FEMA Rules For NRI Traders

Any cross border transaction either to or from India is governed by Foreign Exchange Management Act. Following are the FEMA rules for NRIs: 1) Maintenance of Bank account : Once you become a NRI you can open a NRO account if your moneys end use is in India else NRE account where funds are freely

Mutual Funds For NRI To Invest

Mutual Funds For NRI Not all fund houses allow NRIs based in USA and Canada to invest. to invest. However the following mutual funds allows NRIs of all countries to invest in India. Birla Sun Life Mutual Fund SBI Mutual Fund UTI Mutual Fund ICICI Prudential Mutual Fund DHFL Pramerica Mutual Fund L&T Mutual Fund PPFAS

NRI Investments In India

Investment in India has been made simple for NRIs , OCIs and PIOs Your NRI Trading Account with Tradeplus serves as one-stop-solution for investing in: • Mutual fund • Equity & Derivatives • IPOs • Bonds 1. Mutual Fund Investments Investment in Mutual Funds is generally seen as the best way to participate in Equity

NRE & NRO Demat Account Opening Process

Accounts that are to be opened 01. NRI savings account (With XXX Bank ) 02. NRI PIS / NON – PIS account (With XXX Bank ) 03. Trade account (With Tradeplus) 04. Demat account (With Tradeplus) Account Opening process: 1) To obtain PAN card: PAN card is a mandatory document to open share trade and demat account.No worries

Is PIS Required For NRO Account?

What Is NRO? NRO is otherwise called as Non Resident Ordinary. Is PIS Required For NRO Account? PIS is otherwise known as Portfolio Investment Scheme. No, not now. Till recently, PIS was mandatory for NRE or NRO account it is not required any more as the Government scrapped this. To understand better, lets first understand