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Equity Markets
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What are the Different Ways to invest your money in India's Growth Story?
Primary Markets - Inital Public Offers (IPO's)
Secondary Markets - Direct Equity Involvement.
Mutual Funds - Equity Funds
Life Insurance - Unit linked Insurance Plans (ULIP's)
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What is the necessity for Primary & Secondary Markets?
Demat Account
Trading Account
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What is Demat Account?
Demat Account is a kind of savings account which is only for security, it keeps the bought security in a digitial format. A home for security.
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Is there any type of Demat Accounts?
In India there are 2 different types of Demat Account available:
NSDL - National Security Depository Ltd.
CDSL - Central Depository Security Ltd.
A broker shall authorize either from NSDL or CDSL or even both the Depository to open accounts of the intrested investor.
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What is Trading Account?
To Buy or Sell any of the security it is necessary to have Trading Account, A Unique Account ID which is given by the Registered Broker to every client for making their transactions into the
security markets.
A Registered Broker shall have the persmission to trade in the Following Exchange:
NSE - National Stock Exchange
BSE - Bombay Stock Exchange
In India Equity markets are driven by the two major Exchange and their Index.
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Sufin has tied up with which broker?
Anagram stock Broking Ltd.
Master Captial Services Ltd.
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Is online trading is available?
Yes, it is available and on request of our clients.
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Is there any typr of online trading account?
Webbase Trading Software
Application Base Software
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Can I view the Demo for the Same?
Yes, please follow the link for the Demo
Webbase Trading Software - http://www.contentlinks.asiancerc.com/Mastermart/inetnet.htm
Application Base Software - Flash Demo is available
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MUTUAL FUNDS
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What is a Mutual Fund?
What is a Mutual Fund?
Mutual Fund is another saving or investment vehicle, but different from bank deposits, shares.
A Mutual Fund is a trust that pools the savings of a number of investors who share a common financial goal.
The money thus collected is then invested in capital market instruments such as shares, debentures and other securities.
The income earned through these investments and the capital appreciation realised are shared by its unit holders in proportion to the number of units owned by them.
Thus a Mutual Fund is the most suitable investment for the common man as it offers an opportunity to invest in a diversified, professionally managed basket of securities at a relatively low
cost.
Ownership through holding of units at NAV
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What is the advantage of Mutual Fund?
The advantages of investing in a Mutual Fund are:
Professional Management
Diversification
Convenient Administration
Return Potential
Low Costs
Liquidity
Transparency
Flexibility
Choice of schemes
Tax benefits
Well regulated
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What are the Types of Mutual Funds?
Basically closed ended or open ended. Further with loads and no-loads.
Structure Type:
Open - Ended Schemes
Close - Ended Schemes
Interval Schemes
Investment objective Type:
Growth funds
Income funds
Balanced funds
Money Market funds
Other Scheme Type:
Tax Saving Schemes
Special Schemes - Index Schemes, Sector Specific Schemes, Thematic Schemes
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Entities involved in Mutual Fund?
The Classification of Entities involved in Mutual Fund are as follows:
Main Entities
Investor or the Unit Holder
SEBI - Security Exchange Board of India
Other Entities
Sponsor
Trustee
AMC
Custodian
The Mutual Fund
Trustee Agent
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What is Applicable NAV?
For the purpose of purchase, redemption & switches, the applicable NAV is the Net Asset Value per Unit at the close of the Working day on which a request, complete in all respects is accepted
and received before the cut-off time for the particular scheme. Otherwise, the applicable NAV would be the one for the next business day.
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Do any mutual fund scheme assure returns?
No there are not assured or any guaranteed returns in Mutual Funds other than Liquid & FMP Funds.
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What is history of Mutual Funds in India?
Please floow the link : http://sufin.com/blog/category/knowledgebulb/
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What is a Systematic Investment Plan?
Just like a recurring deposit in a Bank or Monthly Income Scheme in your Post office, this scheme enables an investor to invest periodically over a period of time. Anybody can avail of this
facility subject to the terms and conditions contained in the application form / Offer Document.
It is a most convenient, discipline way Invest and affords the investor an opportunity to enter the market regularly on every level at his/her specified date, thus averaging the acquisition cost of
Units.
SIP can be done daily, weekly and monthly.
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How do I apply for a Systematic Investment Plan?
Applying for SIP is very simple process, for that you can contact us by Emailing us or Call us.
Email us: Link
Call us: Link
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What is the difference between Fund Scheme and Plan?
A Fund Scheme is the fund itself and based upon the investment objectives. It may have several plans pertaining to growth or distribution of dividends.
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What is forward and historical pricing?
Forward pricing is the price arrived at after the closing hours of a Working day, which the Investor is not aware of. Historical pricing is a price which an Investor knows before transacting,
typically transactions allowed on the basis of the previous day’s NAV.
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What is a load and its types?
It is a charge paid by the Investor to the Mutual Fund. Load is one type of Brokerage that is charged to the investors.
There are 3 types,
Entry load – this is paid when an investment is made in a scheme
Exit load – this is paid when a redemption is carried out from a scheme.
CDSC ( Contingent Deferred Sales Charge) - this is an Exit charge payable by the Investor for a No load scheme.
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What is an Account Statement?
It is a statement summarizing all the transactions and other details like unit balance, value of units etc. of the Investor. It also records all his / her registration attributes and records changes
therein as and when they occur. It is a conclusive proof of their investments and shows the financial standing on a given date.
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What is Purchase and sell in Mutual Fund?
When investor invest money in any Mutual Funds it is define as Buying or Purchase of Mutual Funds or subsequently when an investor withdraw the money it is define is sell or Re purchase of
the units.
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Investor can Purchase the same Fund again and again for making Average?
Yes, definitely. Investor can purchase the same fund again an again for making an Average of investments buy just filling the Application Form for Additional Purchase request.
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How do I make an additional purchase for Making Average or Book Profits by making redemption?
You have to fill a small application form, appropriately signed by all the holders.
Click here to submit your query online.
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Are there any minimum amount limits for subsequent purchases in the same scheme?
Yes, limits of minimum amount are applicable for additional purchases for schemes and will be mentioned in the Offer Document.
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How do I transfer money between various schemes? Do loads prevail?
Money can be transferred between schemes by making a switch of units from a scheme to another Scheme. A Source scheme is one from where you want to switch out and a Target scheme is
one where you want to switch in. A switch can be affected by applying through the transaction slip available in the Account Statement or by a request letter, appropriately signed. Yes, Switches
are subject to loads depending upon the Scheme details
You have to fill a small application form, appropriately signed by all the holders.
Click here to submit your query online.
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Is there a limit to transfer of money from one scheme to another?
Yes, the target scheme should have the minimum subscription amount as specified in the Offer Document.
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Transfer of Money can be done monthly?
Yes, Money can be transferred either a Lum sum fixed Amount or also into a form of SIP too. One can also transfer Rs. 500/- Every Month for probably 12 months. The Amount varies with
different schemes and with different companies. You have to fill a small application form, appropriately signed by all the holders.
Transferring of money is known as Switch and if it is done on a regular basis it is knows as Systematic Transfer Plan.
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What is a lock-in period?
This is a pre-defined period during which the investments cannot be redeemed. This could be due to a legal implication (erstwhile 54 EA & 54 EB or ELSS sections of Income Tax Act ) or due to a
restriction levied by the AMC (this could be for a short period of say, 7 / 10 days depending upon the AMC). This short restriction is to ensure that the Units are not redeemed before
encashment of the Investment cheque.
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What is a Systematic Withdrawal Plan? Do loads prevail?
This plan enables the Unit holders to withdraw fixed sums from their Unit Accounts at periodic intervals. Any Unit holder can avail of this facility subject to the terms and conditions contained
in the application form / Offer Document, to include exit loads if applicable.
Redemption of Mutual Funds
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When and how can I redeem my investments?
Investments can be redeemed after the expiry of the lock-in period; You have to fill a small application form, appropriately signed by all the holders.
Click here to submit your query online.
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I have not received my redemption proceeds? What should I do?
Click here to submit your query online.
Dividends in Mutual Funds
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How do I get dividends?
Dividends would be paid by cheques, drawn in the name of the sole holder/first-named holder (as determined by the account and mailed to the last address recorded in the books).
The Bank name and the Account no. as specified in the records will be mentioned on the cheque. The cheque will be payable at par in all the cities designated by the Fund. In case of other
cities, you will be paid by a Demand Draft after deducting the demand draft charges (if any and depending upon the concerned AMC).
Creation of Units in lieu of the amounts due as dividends, is termed as dividend reinvestment. There is no outflow of money here. Normally, loads are not applicable. However, the terms are
clearly specified in the Offer Document.
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How do Minors apply?
Parents/Lawful Guardians can apply on behalf of a Minor. They can sign the application on behalf of the Minor and status of the Investor in the Account Statement would also reflect the same.
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How to apply under Power of Attorney (POA)?
Any investment made can be operated upon by a POA holder. This is possible after receipt of the POA by the Registrar, duly attested in original. Once the POA is registered, the POA holder
steps into the shoes of the Investor. The right of operating the account reverts back to the Investor only after the POA is revoked.
It is necessary to submit attested True copy at the time of registered of POA.
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What is Nomination and how does it work?
Nomination is a process whereby the Units get transferred to a nominee’s favor upon the demise of the Investor. A form needs to be submitted with relevant particulars of the Nominee by an
investor duly signed.
New Name of the Nominee can be added or subtracted during the phase of the investment.
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How do I apply for the Personal Identification Number (PIN) facility?
Upon request, a pre-printed disclaimer form is sent to you for completing the formalities of PIN registration. This form duly filled and signed needs to be submitted to SUFIN. The PIN is then
transmitted to you under sealed conditions to the investors directly.
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Can I get a loan against my fund units?
Yes, but can’t say surely as it purely depends upon the bank, rest loans can be obtained against Units.
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I have multiple accounts in a fund. Can I consolidate?
Yes, you can consolidate multiple accounts in a fund. The pre-requisite for consolidation is that all static details like Address, Bank, Mode of Holding, Unitholders etc… have to be identical
across all accounts in a fund. Upon receipt of a valid request, consolidation into a single account would take place.
Click here to submit your query online.
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What is the Formalities if there is a Death of any Holder in Mutual Fund Investment?
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What are the Doucments requird in case of dealth of Unit holder’s?
The following procedure needs to be adopted in case of transmission and in the absence of any nomination:-
In case of Joint-holding and demise of the First holder :-
Original / Attested ( in original ) Death Certificate
Letter from any of the other holders requesting the change in the ownership of holding
Appliction form for Change in Bank Details
Appliction form for Redemption
In case of Joint-holding and demise of the joint-holder :-
Original / Attested ( in original ) Death Certificate
Letter from First / Joint-holder requesting us to change according to the Mode of holding
Deletion of deceased person’s name
Appliction form for Change in Bank Details
Appliction form for Redemption
In case of Single Holding :-
Original / Attested ( in original ) Death Certificate.
Request letter for Transmission of Units to the legal heir.
List of legal heirs of the deceased person, if more than one.
No objection letter from other legal heirs, in favour of the named legal heir in the request.
Letter of Indemnity from all legal heirs.
Notarised Affidavit by the Successor(s), if required.
Appliction form for Change in Bank Details
Appliction form for Redemption
The following procedure needs to be adopted in case of transmission and in the case of Nominee
Original / Attested ( in original ) Death Certificate
Letter from Nominee requesting the change in the ownership of holding
Letter from Bank, verifying the signature of Nominee
Appliction form for Change in Bank Details
Appliction form for Redemption
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What is KYC?
In order to comply with regulatory provisions under the Prevention of Money Laundering Act 2002, Rules issued thereunder and related guidelines/circulars issued by SEBI, KYC formalities are
required to be completed for all Unit Holders, including Guardians and Power of Attorney holders, for any investment (whether new or additional purchase) of Rs. 50,000 or more in mutual
funds. For the convenience of investors in mutual funds, all mutual funds have made special arrangements with CDSL Ventures Ltd. (CVL), a wholly owned subsidiary of Central Depository
Services (India) Ltd. (CDSL)).
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What are the formalities to complete the Form of KYC?
Application form with necessary documents.
In Case of Individual
Proof of Identity
Proof of Address
PAN Card
Photograph
In Case of Company
Proof of Identity
Proof of Address
PAN Card
Photograph
* All the documents shall be Attested by Notary Public or Gaztted or Manger of Scheduled Commerical Bank or Multinational Foreign Bank.
* If documents can be submitted in orginal then attested would not be necessary, but the doucments will be returned after the formality will be completed.
* All the documents shall be self attested.
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How many days it takes to complete KYC?
It does not take much of the time of investor, application can be submitted if KYC is applied for and maximum it could take 2 to 3 days maximum.
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Is KYC is compulsory?
KYC is compulsory only if the invesetment amount is Rs. 50,000/- or above.
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NRI Investment
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Can Nri Invest in India Security Market?
Yes, Every Nri has right to invest in Indian Security Market
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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What kind of investment can be make by NRI?
NRI can invest in the Following Mode:
Primary & Secondary Market
Mutual Funds
Life Insurance
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Who is a non-resident Indian (NRI)?
A non-resident Indian (NRI) is an Indian citizen or a person of Indian origin who stays abroad for employment/ carrying on business or vocation outside India or stays abroad under
circumstances indicating an uncertain duration of stay abroad. A person shall be deemed to be of Indian origin if he/she or either of his/her parents or any of grandparents was born in
undivided India.
Or
An Indian Citizen who stays abroad for employment/carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay
abroad is a non-resident.
Students going abroad for studies are also treated as NRIs.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Who is a Person of Indian Origin (PIO)?
A Person of Indian Origin means a citizen of any country (other than Bangladesh or Pakistan), if the person:
(a) at any time held an Indian passport; or
(b) or the person's parents or grandparents were citizens of India by virtue of the Constitution of India or Citizenship Act, 1955; or
(c) A spouse (not being a citizen of Pakistan or Bangladesh) of an Indian citizen or of a person of Indian origin is also treated as a person of Indian origin for the above purposes provided the
bank accounts are opened or investments in shares/ securities in India are made by such persons only jointly with their NRI spouses.
, or of a person referred to in (a) or (b) above.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Who is an overseas corporate body (OCB)?
An overseas corporate body (OCB) includes overseas companies, partnership firms, societies and other corporate bodies owned predominantly by non-resident persons of Indian nationality or
origin outside India.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Who is a foriegn institutional investor (FII)?
An FII is an institution established or incorporated outside India which proposes to invest in Indian securities and is registered with SEBI.
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Bank Account
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What types of rupee accounts may NRIs maintain?
There are 4 types:
1. Non-resident (External) Rupee Accounts (NRE)
2. Non-Resident (Special) Rupee (NRSR) Account
3. Ordinary Non-resident Rupee Accounts (NRO)
4. Non-resident (Non-repatriable) Rupee deposit accounts (NRNR)
NRE A/c (Non-Resident External Account):
Rupee denominated Current, Savings, Fixed and Recurring deposits.
Principal and interest fully repatriable.
Can be opened jointly with NRIs only.
Exempted from Indian Income Tax.
Term of Fixed deposit from 12 Months to 10 years.
Interest Rate for TDs: LIBOR + 100bps
Interest Rate for SB: Same as domestic deposits.
FCNR A/c (Foreign Currency Non Resident Account):
Foreign Currency Fixed deposit account in USD, GBP, EURO, CAD, AUD and JPY.
Principal and interest are fully repatriable.
Can be opened jointly with NRIs only.
Exempted from Indian Income Tax.
Term of Fixed deposit from 12 Months to 5 years.
Interest Rate: LIBOR
NRO A/c (Non-Resident Ordinary Account):
Rupee denominated Current, Savings, Fixed and Recurring deposits.
Interest is repatriable and subject to TDS @ 30%+ Surcharge, if applicable + Education Cess @ 2%.
Can be opened jointly with resident Indians (resident as second account holder).
Term of Fixed deposit from 7 days to 10 years.
Interest Rate is same as domestic deposits.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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What is the difference between an NRE account, NRO account and FCNR account?
Non-Resident (External) Rupee (NRE) account is a Rupee account on a repatriable basis. It can be opened with either funds remitted form abroad or local funds which can be remitted abroad.
Ordinary Non-Resident Rupee (NRO) account is a Rupee account and can be opened in with funds either remitted from abroad or generated in India. The amount in such account is
non-repatriable.
Fully Convertible Non-Rupee (FCNR) account is similar to the NRE account except that the funds are held in foreign currency like US$, ?, Dm etc.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Can an NRI maintain a bank account in India?
Yes. NRIs can maintain accounts in rupees as well as in foreign currency. Accounts in foreign currencies can, however, be maintained with authorised dealers only.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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How do NRE, NRO and NRSR accounts differ?
Balances held in NRE accounts can be repatriated abroad freely, whereas funds in NRSR and NRO account cannot be remitted abroad but have to be used only for local payments in rupees.
Consequently, funds remitted from abroad or local funds which can otherwise be remitted abroad to the accountholder can only be credited to NRE accounts.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Can NRI invest in mutual fund schemes?
Yes, NRIs can invest in any of the mutual fund schemes. Only NRI from US cannot invest in HSBC, Franklin & Fidelity Mutual Funds.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Can an NRI, and FIIs invest in mutual funds in India?
Yes.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Do I need any approvals from the Reserve Bank of India to invest in mutual fund schemes ?
No, AMCs have already taken the permission for NRI investments in there schemes, hence no permission is required for investing in the schemes of those AMCs. If any AMC have not the
permission then special approval is required from RBI for making investments into specific schemes.
Only OCBs and FIIs require prior approvals before investing any schemes.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Does an NRI, FII require any approval from the RBI to invest in mutual funds?
No special approval is required.
NRIs/PIOs/FIIs have been granted a general permission by RBI [Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations,
2000] for investing in /redeeming units of the funds subject to conditions set out in the aforesaid regulations.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Can NRI individuals make investments in domestic public/private sector Mutual Funds or Money Market Mutual Funds floated by commercial banks and public/private sector financial institution
on non/repatriation basis?
Yes.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Can Overseas Corporate Bodies make similar investments in mutual funds on non-repatriation basis?
OCBs can make such investments only in domestic public/ private sector Mutual Funds. They can also make investments in Money Market Mutual Funds.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Can an NRI invest in foreign currency?
An NRI cannot make the investment in foreign currency. He needs to give us a Rupee cheque from his NRE, NRO, NRSR bank account in India. He may also send a Rupee cheque from abroad
payable in a bank in India. However, for an NRI to invest, it is mandatory that he maintains a bank account in India.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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What is the mode of payment for Repatriation and Non-Repatriation Basis?
Repatriable Basis. Payments for the purchase of the units may be made by Indian Rupee drafts purchased abroad, or by cheques drawn on the NRE/FCNR Account of the investor, payable at the
Ahmedabad city.
Non-Repatriable Basis. Payments for the purchase of the units may be made by Indian Rupee drafts purchased abroad, or by cheques/demand drafts drawn on the NRE/FCNR/NRO/NRSR/NRNR
account of the investor, payable at the Ahmedabad city.
FII Investors. FIIs may pay for their subscription amounts by Indian Rupee drafts purchased abroad, or from funds held in a Foreign Currency account or Non-resident Rupee account maintained
in a designated branch of an authorised dealer. The Indian Rupee drafts/cheques should be made payable at Ahmedabad City.f
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Will the fund accept an NRI application with an overseas bank account detail?
No.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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When will my NRI purchase take effect?
If an application is received before the 3 p.m. on any business day, the allocation of units will be based on the NAV of that business day. All applications received after the prescribed time will
be treated as having been received on the next business day and the units allotted accordingly.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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How will the redemption proceeds be paid?
The redemption proceeds will be paid by means of a Rupee cheque payable to the NRE account of the investor, or else by a US dollar draft drawn at the then current rates of exchange subject
to RBI procedures, where investment have been made on a repatriation basis.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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How do I redeem?
In case of open ended mutual fund schemes by simply filing up the redemption slip and sending it to our offices or Investor Service Centres of AMCs . The cheque are normally mailed to you
within 3 to 5 business days from the day of receipt of the redemption request, if you have already chossen an option for ECS, then redeemption amount would be directly credited to your bank
account.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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How to redeem a Close ended mutual fund scheme?
Close Ended Mutual Funds are closed in nature and do have lock-in at the time of beginning, so redeemption is only possible if the closed period is over or some of schemes have an option to
redeem through registered stock exchange or also have some regular intervals to redeem the amount.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
===================
What is the process of Redemption in case of Easy Account with Sufin.
There are just two ways.
1. If you have Sufin Easy Account then, send your request either by mailing or by calling us, we will redeem your schemes on your behalf.
2. If you have Sufin Easy Money Account then, stop worring about the redemption, sufin will take care of it and plan according.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
===================
How does an NRI redeem funds?
To redeem funds, submit the your Common Transaction Form. Redemption requests by telephone, telegram, fax or email that lack valid signatures will not be accepted. Down load Common
Tranaction Forms.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
===================
How will the redemption proceeds be paid?
Redemption proceeds will be paid by cheque. The cheque will be payable to the first unitholder and will include the bank account number.
Redemption proceeds/repurchase price and/or dividend or income earned (if any) will be payable in Indian Rupees only. The fund will not be liable for any loss due to exchange fluctuations,
while converting the Rupee amount into US Dollar or any other currency.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
===================
How can the redemption proceeds be repatriated?
The investments shall carry the right of repatriation of capital invested and capital appreciation so long as the investor continues to be a resident outside India.
In the case of an FII, the designated branch of the authorised dealer may allow remittance of net sale/maturity proceeds (after payment of taxes) or credit the amount to the Foreign Currency
account or Non-Resident Rupee account of the FII, maintained in accordance with the approval granted to it by the RBI [Clause 5(i) of the Regulations].
In any other case, where the investment is made out of inward remittance or from funds held in the NRE/FCNR account of the investor, the maturity proceeds/repurchase price of units (after
payment of taxes) may be credited to the NRE/FCNR/NRO/NRSR account of the non-resident investor maintained with an authorised dealer in India [Clause 5(ii) of the Regulations].
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
===================
What about redemption proceeds where investments were made on a non-repatriable basis?
Where the purchase of units is made on a non-repatriable basis, the maturity proceeds/repurchase price of units (after payment of taxes) will not qualify for repatriation and may be credited to
the NRO/NRSR account of the non-resident investor [Clause 5(ii) of the Regulations].
Where the investment is made out of funds held in a NRSR account, the maturity proceeds/ repurchase price of units (after payment of taxes) may be credited to the NRSR account maintained
by the investor with an authorised dealer in India [Clause 5(ii) of the Regulations].
Similarly, investments in units purchased in Rupees, where the investor was a resident of India and subsequently becomes a non-resident, will not qualify for repatriation of repurchase
proceeds of units.
The entire income distribution on the investment will, however, qualify for full repatriation. Investors are advised to contact their banks/tax consultants if they desire remittance of the income
distribution on units abroad.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
===================
NRI can enrol in Systematic Investment Plan (SIP)?
Yes.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
===================
Can I gift units of mutual fund schemes to my relatives in India?
Yes.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Can I repatriate my earnings on redeeming from mutual fund schemes?
If the investment is made on a repatriation basis, the net income or capital gains (after tax) arising out of investment are eligible for repatriation subject to some compliance.
If the investment is made on a non-repatriation basis, only the net income, that is, dividend (after tax), arising out of investment is eligible for repatriation.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
===================
Where investment have been made on non-repatriation basis redemption proceeds will be paid by means of a rupee cheque payable to the investor's NRO account.
Accompanying the redemption proceeds is an updated account statement, a TDS certificate and a covering letter that mentions whether the fund were invested out of NRE/FCNR/NRO accounts.
The tax on capital gain is deducted (as explained below) after taking into consideration indexation benefits wherever applicable.
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===================
Can NRIs invest their funds in Government securities?
Yes. NRIs are freely permitted to invest their funds in Government securities through authorised dealers.
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===================
Can NRIs make investments in National Savings Certificates issued by Post Offices in India?
Yes. Investments in National Savings Certificates can be made by NRIs subject to the terms and conditions applicable to the sale/issue of such certificates. However, NRIs are not permitted to
invest in bearer securities like Indira Vikas Patra/Kisan Vikas Patra.
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===================
Can Government securities/units be freely transferred or sold?
Yes, provided the transfers/sales are arranged through an authories dealer.
Are sale/maturity proceeds of Government securities/Units/National Savings Certificates allowed to be repatriated abroad?
If such securities were purchased out of funds remitted from abroad or out of NRE/FCNR accounts, sale/maturity proceeds can be repatriated. Sale/maturity proceeds of securities purchased
out of funds in NRO accounts can only be credited to NRO accounts and cannot be remitted abroad. Interest earned during the financial year 1994- 95 and onwards can, however, be remitted to
the extent permitted by Reserve Bank.
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===================
Can NRI's invest in companies in India?
NRIs are permitted to make direct investments in proprietary/partnership concerns in India as also in shares/debentures of Indian companies. They are also permitted to make portfolio
investments i.e. purchase of shares/debentures of Indian companies through stock exchanges in India. These facilities are granted both on repatriation and non repatriation basis.
(a) Direct Investment without Repatriation Benefits
Is permission of Reserve Bank required for NRIs to invest in proprietary/partnership concerns on non- repatriation basis?
No. Reserve Bank has granted general permission to non- resident individuals of Indian nationality/origin to invest by way of capital contribution in any proprietary or partnership concern in
India on non- repatriation basis provided the investee concern is not engaged in any agricultural/plantation activity or real estate business. This facility is, however, not available to OCBs.
Is permission of Reserve Bank required for making investments in new issues of Indian companies on non- repatriation basis?
No. Indian companies have been granted general permission to accept investments on non-repatriation basis, in shares/convertible debentures by way of new/rights/bonus issue provided the
investee company is not engaged in agricultural /plantation activity or real estate business(excluding real estate development i.e. development of property and construction of houses). or chit
fund.
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===================
Are any formalities required to be completed by NRIs for getting the benefit of the above general permission?
No. However, the firms/companies concerned are required to file declarations with Reserve Bank in form DIN giving particulars of the investments made. within ninety days from the date of the
investment.
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===================
Can NRIs make investments in non-convertible debentures of Indian companies?
Yes. Applications for necessary permission should be made to Reserve Bank (Central Office) by the concerned Indian Company in form ISD.
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===================
Can NRIs purchase existing shares/debentures of Indian companies by private arrangement?
Yes. Reserve Bank permits NRIs , on application in form FNC 7, to purchase shares/debentures of existing Indian companies on non-repatriation basis. An undertaking about non-repatriation is
to be given in form NRU.
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===================
Is it necessary for a resident, holding securities in Indian companies, to secure any approval from Reserve Bank on his becoming a non-resident for holding such securities?
No. Reserve Bank has granted general permission to companies in India to enter the overseas addresses of the shareholders in their books in such cases provided the companies obtain
undertakings from the holders that they will not seek repatriation of any income or sale proceeds of the security.
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===================
Is income/interest earned on investments/deposits held in India by NRIs on non-repatriation basis allowed to be repatriated?
Yes. Income/interest accruing during the financial year 1994-95 and onwards on bank deposits and investments held by NRIs with non-repatriation benefits will be eligible for repatriation as
under:
Up to U.S. $ 1,000 or its equivalent in full and one-third of the balance income earned during the financial year 1994-95;
Up to U.S. $ 1,000 or its equivalent in full and two third of the balance income earned during the financial year 1995-96;
The entire income earned during the financial year 1996-97 and onwards.
The entire income earned during the financial year 1996-97 and onwards.
Note : The investment/principal amount of deposits made/held on non-repatriation basis will, however, not be allowed to be repatriated abroad.
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===================
What is the procedure to be followed for seeking repatriation in such cases?
NRIs should designate a branch of an authorised dealer through whom the remittance of income is to be made and make an application in form RCI to the designated branch giving details of
incomes earned during the previous financial year alongwith a Chartered Accountant's Certificate. The designated branch will allow the remittance of net amount (i.e. after payment of tax) or
credit it to NRE/FCNR account of the applicant.
(b) Direct Investment with Repatriation Benefits
What are the schemes available to NRIs for direct investments in India with repatriation benefits?
NRIs can make investments in new issues of shares/convertible debentures of Indian companies under direct investment schemes such as 24% scheme/40% scheme/100% scheme. They can
also invest in the schemes of domestic Mutual Funds floated by public/private sector institutions/companies and bonds issued by public sector undertakings, Non-resident investors are not
required to apply for permission to invest but the company concerned will have to obtain permission from Reserve Bank.
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===================
What is 24% Scheme?
Under the 24% scheme, Indian companies engaged or proposing to engage in any activity including finance, hire purchase, leasing, trading or other services, establishment of schools/colleges.
etc.(except agricultural/plantation activities) are allowed by Reserve Bank to issue shares/debentures to NRIs with repatriation benefits to the extent of 24% of the new issue.
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===================
What is 40% Scheme?
Under the 40% Scheme, Indian companies engaged or proposing to engage in the following activities are allowed by Reserve Bank to issue shares/debentures to NRIs with repatriation benefits
to the extent of 40% of the new issue.
Industrial and Manufacturing units
Hotels with 3, 4 or 5 star category
Hospitals and diagnostic centres
Shipping companies
Development of computer software
Oil exploration services
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===================
Is remittance of interest/dividend to NRI investors freely allowed under the 24% /40% Scheme?
Yes. There is no ceiling or restriction on the amount of remittable dividend. Remittance of interest/dividend to NRI investors will be allowed by authorised dealers under the posers delegated to
them.
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===================
What are the specified industries under the 100% Scheme?
Under 100% Scheme, NRIs are permitted to invest in high priority industries listed in Annexure III to the Statement on Industrial Policy dated 24th July 1991 of the Government of India up to
100% of the new issue.
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===================
Is dividend/interest earned in respect of investment made under the 100% Scheme freely remittable to the NRIs abroad?
Dividend/interest can be remitted freely except in the case of consumer goods industries where the outflow on account of dividend is required to be balanced by export earnings of the company
either in the year of declaration of dividend or in the years prior to the declaration of dividend, This requirement is enforced for a period of seven years from the commencement of commercial
production.
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===================
How does an NRI obtain permission of Reserve Bank for investment under the 24% or 40% or 100% Scheme?
The NRI investor need not apply to Reserve Bank. Application for necessary permission under the schemes should be made by the Indian company/firm to the Central Office of Reserve Bank in
Mumbai in form ISD/ISD(R).
Besides the 24%, 40% and 100% Schemes is there any other scheme for investment by NRIs in the equity of Indian companies?
Yes. NRIs are permitted to undertake revival of sick industrial units by making bulk investment in them to the extent of 100 per cent either by way of purchase of existing equity shares or in the
form of subscription to new equity issues.
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===================
Is the capital brought into India for revival of a sick Industrial unit allowed to be repatriated?
Yes.
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===================
How can an NRI obtain permission of Reserve Bank for investment in a sick industrial unit?
Application for necessary permission should be made by the Indian company to the Central Office of Reserve Bank in Mumbai in form RSU.
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===================
Under the existing Industrial Policy, investment by foreign collaborators upto 51% of the equity is allowed by Reserve Bank on repatriation basis in certain high priority industries. Can NRIs take
up the balance 49% equity in such cases on repatriation basis?
Yes.
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===================
Can NRIs make investments in companies engaged in real estate development in India?
Yes. Investment upto 100% in the new issue of equity shares/convertible debentures of Indian companies engaged in the followed areas is allowed-
i) Development of serviced plots and construction of built up residential premises;
ii) Real estate covering construction of residential and commercial premises including business centres and offices;
iii) Development of township;
iv) City and region level urban infrastructure facilities including roads and bridges;
v) Manufacture of building material;
vi) Financing of housing development.
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===================
What is the procedure for obtaining Reserve Bank permission in this regard?
Applications for the purpose should be made by the concerned Indian company to the Central Office of Reserve Bank in Mumbai in form ISD(R).
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===================
Will repatriation of the original investment and/or dividend income be freely permitted?
Yes. Repatriation of original investment will be permitted after a lock-in period of three years from the date of issue of the equity shares/convertible debentures. In addition, OCBs will be
permitted to repatriate net profit (upto 16 per cent) arising from the sale of such investment after the locck-in period of three year. Annual dividend/interest on equity shares/debentures can,
however, be freely remitted subject to payment of tax.
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===================
Are investments in Air Taxi operations permitted to be made by NRIs?
Yes. Investments upto 100% equity participation for carrying on Air Taxi operations are permitted in terms of the guidelines issued by the Director General of Civil Aviation for Air Taxi
operations. Applications for the purpose should be made to Reserve Bank (Central Office) in form ISD(R) by the concerned Indian company.
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===================
Are there any restrictions on repatriation of the investment made under this scheme or income earned thereon?
No. However, repatriation of the investment and /or remittance of dividend will be permitted only after the expiry of five years of operation and only out of accumulated net foreign exchange
earnings.
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===================
Can NRIs invest in non-convertible debentures on repatriation basis?
Yes. Applications for necessary permission should be made to Reserve Bank (Central Office) by the concerned Indian company in form ISD.
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===================
What is the procedure to be followed for making investment in the schemes of domestic Mutual Funds or public sector bonds with repatriation benefits?
The concerned Fund/Public Sector Undertaking should obtain necessary permission from Reserve Bank for issue of units/bonds to NRIs. Applications for the purpose are required to be made to
the Central Office of Reserve Bank in form ISD(R).
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===================
Can NRIs invest in 100% Export Oriented Units on repatriation basis?
Yes. NRIs will be permitted to invest up to 100% in 100% Export Oriented Units subject to obtaining approval from the Government of India ,Ministry of Industries (SIA) for setting up the EOU. In
the case of units located in Export Processing Zones, approval from the Development Commissioner of the concerned zone is required to be obtained. Thereafter an application should be made
to the concerned regional office of Reserve Bank in form ISD alongwith copy of Government approval for necessary clearance under FERA 1973.
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===================
Can NRIs acquire shares disinvested by Government of India in Public Sector Enterprises (PSEs) by inviting sealed tenders?
Yes. Reserve Bank has granted general permission to NRIs to acquire shares of PSEs on their bids being successful provided the holding of a single NRI investor does not exceed one per cent of
the paid up capital of the PSE concerned, the purchase consideration /bid money is paid by way of remittance from abroad or by debit to his NRE/FCNR accounts.
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===================
What is the procedure for issue of rights entitlement to NRIs?
The concerned company should approach Reserve Bank for issue of rights entitlement to NRIs in the prescribed form if on repatriation basis. However, rights entitlement on non-repatriation
basis would be covered by the general permission.
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===================
What is the procedure required to be followed by NRIs for renunciation of rights entitlement?
NRIs can make an application to Reserve Bank by a letter detailing therein the folio number of the shares held and the manner in which the rights are being sold.
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===================
What is the procedure for issue of bonus shares?
The concerned Indian company should approach Reserve Bank for issue of bonus shares to NRIs if the original investment is on repatriation basis. Issue of bonus shares in respect of
investment on non-repatriation basis is covered by general permission.
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===================
Can NRIs obtain loans abroad against the collateral of share/debentures of Indian companies?
Yes. Authorised dealer have been permitted to grant loans/overdrafts abroad to NRIs through their overseas branches and correspondents against collateral of the shares/debentures of Indian
companies held by them, provided the concerned shares/debentures were acquired on repatriation basis.
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===================
Can sale proceeds of the shares/debentures be remitted abroad for liquidation of outstanding against such loans/overdrafts?
Yes, subject to payment of Income tax, Capital Gains tax etc. payable, if any.
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===================
What is the Portfolio Investment Scheme?
Under this scheme, NRIs are permitted to acquire shares /debentures of Indian companies or units of domestic Mutual Funds through the stock exchange/s in India.
PIS (Portfolio Investment Scheme):
Investments in Secondary market through a registered stock broker on a recognized stock exchange.
All transactions through only one designated branch of a Bank.
Exclusive NRE savings bank a/c & NRE Demat account for investments on repatriable basis.
Exclusive NRO savings bank a/c & NRO Demat account for investments on Non-repatriable basis.
Capital Gains taxed on short term investments.
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===================
Do Portfolio Investment Scheme will manage my portfolio?
No, PIS will not manage your protfolio but this scheme is from RBI through your designated Bank which will keep the track your Day to Day tranactions so that investor does not cross the
investment ceiling.
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===================
What is the procedure for making applications?
The application is to be submitted to Reserve Bank through a designated Bank in India in one of the prescribed forms, i.e. NRC/NRI/RPC/RPI.
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===================
What is a designated branch?
Reserve Bank has authorised a few branches of each bank to conduct the business under Portfolio Investment Scheme on behalf of NRIs . These branches are the main branches of major
commercial banks located close to the stock exchange/s. NRIs will have to route their applications through any of the designated bank branches who have authorisation from Reserve Bank.
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===================
Whether NRI can apply through more than one designated branch?
No. Each NRI has to select one branch for this purpose for investment on repatriation/ non-repatriation basis.
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===================
Is it necessary to maintain a bank account with the designated branch through whom the application is made?
No, but It is advisable to maintain a bank account with the designated branch for administrative convenience.
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===================
Does an NRI requires PIS permission to purchase shares in Primary market (IPOs) on reptriable basis?
NO, NRIs can purchase shares in primary market on repatriable basis and application money can be paid through regular NRE SB account or through inward remittance.
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===================
Do NRIs requires PIS permission to sell shares which were purchased in Primary market (IPOs) on repatriable / non repatriable basis?
No.
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===================
Do NRIs require PIS permission to sell shares which were allotted as rights / bonus basis, on the shares which were originally purchased in primary market(IPOs) on repatriable/ non repatriable
basis?
No.
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===================
What is the validity period of Reserve Bank approval for the purchase of shares/debentures of Indian companies or units of domestic Mutual Funds?
Reserve Bank approval is valid for a period of five years from the date of issue. This can be renewed further by making a request by means of a simple letter.
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===================
Is there any ceiling on the investment under the Portfolio Investment Scheme?
There is an overall ceiling of 5% of paid- up equity share capital of the company/paid-up value of each series of convertible debentures for purchase by NRIs /OCBs. The overall ceiling can be
raised to 30% if the company concerned passes a special resolution to that effect in its general body meeting and a board resolution. Individually, NRIs/OCBs can make investment upto 1% of
the paid-up equity share capital/each series of convertible debentures. However, there is no ceiling on investment in domestic Mutual Funds.
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===================
Can NRIs keep deposits with companies in India with repatriation benefits?
Yes. NRIs are permitted to keep deposits with public limited companies in India for a minimum period of three years subject to certain ceilings/conditions. Application for the purpose is
required to be made by the company receiving the deposits through an authorised dealer.
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===================
Do NRIs need permission of reserve Bank for placing funds in fixed deposits with firms/companies on non- repatriation basis?
Yes. Permission for placement of funds in fixed deposits with firms/companies in India is granted by Reserve Bank on application by the depositor or the deposit accepting firm/company, on
non-repatriation basis, subject to certain ceilings/conditions.
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===================
Are NRIs permitted to invest in Commercial Paper(CP) issued by Indian companies?
Yes.General permission has been granted by Reserve Bank to Indian companies to issue CP to NRI individuals subject to the conditions that the amount invested will not be repatriated outside
India and the CP will not be transferable.
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===================
Is permission of Reserve Bank required for sale/transfer of Government securities/units?
No. Authorised dealers have been permitted to undertake sale of Government securities/units on behalf of NRIs without prior approval of Reserve Bank. Sale/maturity proceeds can be remitted
abroad if the original investment was made out of funds remitted from abroad or funds in NRE/FCNR accounts. Otherwise, they will have to be credited to NRO account of the holder.
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===================
Is permission of Reserve Bank required by NRIs for sale/transfer of shares/debentures of Indian companies to other NRIs?
No. Transfer of shares/debentures of Indian companies by NRIs to other non-residents does not require permission of Reserve Bank. However, the transferee NRI would need permission for
purchase of such shares for which an application is required to be made to Reserve Bank in form FNC 7.
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===================
Can NRIs transfer/sell their shares/ debentures/bonds held on non-repatriation basis to residents freely?
Yes. General exemption has been granted by Reserve Bank for transfer/sale of shares/debentures/bonds by NRIs/OCBs through stock exchanges if such transfers are made in favour of an
Indian citizen or a person of Indian origin or a company incorporated in India and sale proceeds thereof are credited to NRO account.
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===================
What is the procedure for sale/transfer of shares/debentures/bonds held by NRIs with repatriation benefits?
In the case of shares /debentures /bonds acquired by NRIs through stock exchanges under the Portfolio Investment Scheme, general exemption has been granted for transfer through stock
exchanges provided the sale is arranged through the same designated branch through whom they were purchased. In other cases, applications for necessary permission is required to be made
to Reserve Bank in form TS 4.
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===================
What is the procedure to be followed by NRIs for sale/transfer of shares /debentures to residents by private arrangements?
NRIs are required to submit application in form TS 1 to Reserve Bank for sale of shares/debentures by private arrangements.
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===================
Can shares/debentures be given away as gifts to relatives?
Yes. Reserve Bank has granted general permission to NRIs to transfer, by way of gift, shares, bonds and debentures of Indian companies held by them with Reserve Bank's permission to their
resident close relative/s.
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===================
What will be my tax liability on receipt of income or on redemption?
NRI investors are eligible for tax benefits under sections 112, of the Income Tax Act, 1961.
As per the Finance Act 1999, no tax will be deducted from income distribution in the form of dividend (The mutual funds are subject to pay distribution tax in debt oriented schemes.).
However, tax will be deducted on any capital gains in case the payee is a non-resident in terms of the provision of the Income Tax Act, 1961.
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===================
Is the tax deducted at source for NRI investments?
As per the the Finance Act 1999, tax will not be deducted from income distribution in the form of dividends to unitholders. However, tax will be deducted on any capital gains.
In respect to short-term capital gains, that is gain on sale of investments held for less than twelve months, tax is required to be deducted at source at the rate of 30% if the unitholder is a
non-resident non-corporate and at the rate of 48% if the unitholder is a foreign company as per the provisions of Section 195 of the Indian Income Tax Act, 1961.
Under Section 2(42A) of the Act, a unit of a mutual fund is treated as long-term capital asset if the same is held for more than twleve months. Tax is deductible at source @ 20% on capital
gains arising from transfer of a long-term capital asset. The benefit of indexation is available in respect of long-term capital gains.
As per the judicial decisions of courts, in case of remittance to a non-resident of a country with which a Double Taxation Avoidance Agreement (DTAA) is in force, the tax should be deducted at
the rate provided in the Finance Act of the relevant year or the rate provided in the DTAA whichever is more benficial to the assessee. In order to claim the aforesaid tax benefit the
non-resident investor will have to obtain a certificate from the Income Tax authorities relating to applicable tax benefit.
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===================
What is the tax rate on short-term capital gain?
In case of non-resident non-corporate - 30%
In case of foreign company - 48%
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===================
What is the proof of the Tax Deduction at Source?
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 Form16 A.
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===================
When will the TDS certificate be issued?
A TDS certificate (Form 16A) will be despatched to the investor at his or her registered address along with the redemption warrant.
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===================
Is the income/dividend on mutual fund units repatriable?
The investments shall carry the right of repatriation of capital invested and capital appreciation so long as the investor continues to be a resident outside India. In the case of an FII, the
designated branch of the authorised dealer may allow remittance of net sale/maturity proceeds (after payment of taxes) or credit the amount to the Foreign Currency account or Non-resident
Rupee account of the FII maintained in accordance with the approval granted to it by the RBI [Clause 5(i) of the Regulations]. In any other case, where the investment is made out of inward
remittance or from funds held in NRE/FCNR account of the investor, the maturity proceeds/repurchase price of units (after payment of taxes) may be credited to NRE/FCNR/NRO/NRSR account
of the non-resident investor maintained with an authorised dealer in India [Clause 5(ii) of the Regulations].
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===================
What is the tax liability on redemptions?
Under Section 2(42A) of the Income Tax Act, units of the fund held as a capital asset for a period of more than 12 months immediately preceding the date of transfer, will be treated as a
long-term capital asset for the computation of capital gains, thus qualifying for the long-term capital gains tax rate. In all other cases, it would be treated as a short-term capital asset and
would be taxed at the short-term capital gains tax rate.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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What is the tax liability for income received from your mutual funds?
As per Section 10(35) of the Income Tax Act, 1961, income received from mutual fund units specified under Section 10(23D) is exempt from income tax in India and the mutual funds are subject
to pay distribution tax in debt oriented schemes. Hence all dividends are tax-free in the hands of non-resident investors and no TDS is applicable on the same.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Can an NRI have a joint account in any Funds with a resident Indian?
Yes. An NRI investor can jointly own a fund account with a resident Indian or a Non-resident Indian.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Is the indexation benefit available to NRIs?
Yes, if units are held for more than 12 months i.e. on long-term capital gains.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Are fund units liable to the wealth tax?
No. Units issued to overseas investors will not be treated as assets as defined under section 2(ea) of the Wealth-Tax Act, 1957 and hence will not be liable to wealth tax.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Can a fund dividend in an NRO account be repatriated?
Yes. Income generated from investments (dividend, in this case) done on a non-repatriable basis qualify for full repatriation.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Can an NRI fax a request followed by the original documents?
No. Units cannot be redeemed or allotted on the basis of fax applications. A request that lacks a valid signature cannot be processed due to legal restrictions.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Can a Power of Attorney (POA) invest on behalf of the NRI investor?
Yes. Unlike banks where a POA holder cannot open an account on behalf of the NRI, in a mutual fund the POA has the authority to invest on behalf of the investor and sign documents for initial
and additional purchases as well as redemptions.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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While applying for purchase of units the POA holder needs to submit the original POA or a copy duly notarised should be submitted. The Power of attorney should contain the signature of both
the first holder and the POA holder. Only when the POA is registered does the POA holder have the right to transact on behalf of the NRI investor. His signature will be verified for processing
any transaction/request.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Can a resident Indian have an NRI as nominee?
Yes. The same rules apply for nominees to resident Indian accounts. An NRI can be a nominee to an account which is in the name of a resident Indian.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Investments by U.S Person
The Scheme is not registered in the United States of America under the Investment Company Act of 1940. The Units of the Scheme have not been registered in the United States of America
under the Securities Act of 1933. The units made available under this offer may not be directly or indirectly offered or sold in the United States of America or any of its territories or possessions
or areas subject to its jurisdiction or to or for the benefit of nationals or residents thereof, unless pursuant to an exemption from registration requirements available under the U.S. law, any
applicable statute, rule or interpretation. Applicants for Units may be required to declare that they are not a U.S. Person and are not applying for Units on behalf of any U.S. Person.
The term "U.S. Person" shall mean any person that is a United States Person within the meaning of Regulation S under the United States Securities Act of 1933, as the definition of such term
may be changed from time to time by legislation, rules, regulations or judicial or administrative agency interpretations.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Will you transfer money to an investor's overseas account?
No. Investors need to contact their authorised dealers for this service.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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Partners of Sufin
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Who is the official partner for Demat Acocunt?
Anagram Stock Broking Ltd is our official partner for Demat Account.
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What king of Demat Account will be with Sufin?
Demat Account will be of NSDL, National Security Depository ltd. Please click for More Details.
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Can NRIs receive shares in inheritance?
Yes, NRI can receive shares in inheritance. RBI permission is not required to be obtained and the shares will be held on non-repatriable basis.
If you are NRI & want to start your Investments than don't miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.
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What is the status of shares purchased in primary market/secondary market as a resident Indian, once the customer becomes a NON-RESIDENT?
The shares purchased through Primary / Secondary market as a resident will be held on non repatriation basis, once the customer becomes an NRI. These these shares can be credited to NRO
DEMAT account. These shares can be sold in secondary market without PIS permission. The sale proceeds can be credited to NRO SB account after payment of capital gain taxes.
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OPEN An Account
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Trading Account - Cash & F&O
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What does the Trading Account Include?
Trading Account Include Trading in Indian stock Market and that includes BSE, NSE & F&O.
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Can Commodity trades can also be done after opening trading account?
No, You require a seperate commodity Account with Anagram Comtrade only.
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What kind of ID I will be getting in Trading Account?
You will be given a numerical ID. For Eg. 10100955
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Who is the official partner for Broking?
Anagram Stock Broking Ltd. for BSE
Anagram Securities Ltd. for NSE & F&O
Anagram Comtrade Ltd. for Commodity.
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What does the COM Trading Account Include?
Trading Account Include Trading in Commodity Stocks, Bull & Bulliean Market.
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What kind of ID I will be getting in Trading Account?
You will be given a numerical ID. For Eg. 10100955
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Who is the official partner for Broking?
Anagram Com Trade Ltd.
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Requirements
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Subject to change
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Life Insurance
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Market Ideas
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