NRI Corner

No, you can invest through our online portal and apps.

NRIs can invest in India through their NRE & NRO Accounts.
NRE is an INR account from which funds are freely repatriable. It can be opened with either remitted from abroad or local funds which can be remitted abroad.
NRO is an INR account too and can be opened with funds either remitted from abroad or generated in India. However, funds in NRO accounts can be repatriated subject to / various directives in force at the time of repatriation. More details can be found on RBI website www.rbi.org.in

If the redemption/switch is done by the NRI investor, then TDS will be deducted in equity schemes if there is any taxable capital gain.

A TDS certificate is issued in the name of the investor mentioning the details of the transaction and the tax deducted. The TDS certificate is commonly known as Form16A. Such certificate will be provided only to those investors who have provided PAN (Permanent Account Number provided by the Indian Income Tax Department).

Upon the redemption of the units of any scheme of Mutual Fund by the NRI / PIO, Mutual Fund company shall either issue a cheque or will directly credit the redemption amount to the bank account of the NRI / PIO. The NRI / PIO shall be eligible to repatriate their earnings arising therefrom in accordance with the extant provisions of the Foreign Exchange Management Act, 1999.

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