CLOSE

India today is a bright spot in the global economy. Global investors today are eyeing India as an investing hot spot and all of It can be attributed to primarily two factors which are the contribution of Indians around the world and the resilience of the Indian economy itself.

The government’s reform agenda, its thrust on infrastructure development, significant improvement in the profitability of India Inc .and strong macroeconomic fundamentals are some of the many factors that has contributed towards making India a super power in the global economy. Thus, it is high time that Non-Resident Indians (NRIs) come forward and invest in India with us as the time is now.

India offers NRIs a wide range of investment opportunities across a variety of asset classes with various tax benefits on investments.

We leverage investment opportunities tailored for you to meet your unique investment goals.

Product Offered

Click here to connect us


Who is an NRI?

NRIs are citizens of India who have been away from India for more than 182 days in a financial year (1st April to 31st March).


Types of NRI Bank Accounts

Non resident Indians are not allowed to operate a savings Bank account in India.

Therefore, they have to open certain different types of Accounts in India for various purposes, including Investments.

Maintaining a Rupee account in India is a common problem for Non-Resident Indians. There are two primary motivations for creating such an account: NRIs wish to repatriate money earned abroad to India, and/or NRIs want to maintain profits generated in India. A Non-Resident Rupee (NRE) account and/or a Non-Resident Ordinary Rupee (NRO) account are available to NRIs. A Person of Indian Origin (PIO) and an Overseas Citizen of India can create an NRO account (OCI).

Basis NRE Account NRO Account FCNR Account
Currency Indian Rupee Indian Rupee Foreign
Primary Purpose Foreign earned income can be deposited here For Indian earned income For Indian earned income
Types of Accounts Savings A/c & Fixed Deposit A/c Savings A/c & Fixed Deposit A/c Fixed Deposit A/c Only
Repatriation Fully repatriable Interest earned is fully repatriable. The capital balance can be repatriated upto USD 1 million per fiscal year. Foreign income can be deposited but not repatriated. Fully repatriable
Taxation The entire balance & interest earned is exempt from tax Interest portion is taxable as per the income tax slab The entire balance & interest earned is exempt from tax
Foreign exchange risk Present Not Present Not Present
Joint account Can be opened with another NRI only Can be opened with another NRI or resident Indian Can be opened with another NRI only

Investment options & NRI

Type of Investment Can NRIs Invest
Bank Fixed Deposits Yes
Mutual Funds Yes
Direct Equity Yes
Real Estate Yes
Sovereign Gold Bonds No
Government securities Yes
National Pension System Yes
Public Provident Fund No
Post office Schemes No
PMS Yes

For Investments in Mutual Funds following documents required

  • NRI must be KYC Compliant
  • An Indian passport or an OCI/PIO card
  • A PAN card
  • An overseas address with proof there-of
  • An NRE/NRO account in India

The investor must complete a one-time KYC registration using their foreign address evidence


NRI Taxation in Mutual Funds

Capital Gains
Equity Schemes
Short Term Capital Gains 15%
Long Term Capital Gains 10% above Rs 1lakh.

Other than Equity Schemes

Tax Deducted at Source
Equity Schemes
Short Term Capital Gains 15%
Long Term Capital Gains 10%

Other than Equity Schemes

Short Term Capital Gains 30%
Long Term Capital Gains Listed – 20% with indexation
Listed – 20% with indexation
Dividends
Income Tax As per investors’ Tax Slab
Withholding Tax 20%

* Surcharge and Cess as applicable on above tax


Disclaimer

Benchmark Investments is a Registered Mutual Fund Distributor.

Benchmark Investments is NOT an advisory firm & NOR an Investments advisor.

The contents herein mentioned are solely for informational and educational purpose only

This document is marketing material for a retail audience and does not constitute advice or recommendations. Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

The above calculation and illustration of figures are indicative only and not on actual basis.

We Benchmark Investments are not warrant the accuracy or completeness of the information, text, graphics, links or other items contained in this website.

We may make changes to the contents, or to the information described therein, at any time without any notice.

In case of any variance between what has been stated and what is contained in the relevant Act, Rules, Regulations, Policy Statements, etc, is possible and we do update as per our update made.

We neither endorses in any way nor offers any judgment or warranty and accepts no responsibility or liability for the authenticity, availability of any of the goods or services or for any damage, loss or harm, direct or consequential or any violation of local or international laws that may cause infringement by your visiting on these websites as well as on using websites links which are provided on these website.

Please consult your CA / Tax expert for taxation before investing.

The information provided on this website is to help investors in their decision-making process and shall not be considered as a recommendation or solicitation of an investment or investment strategy.

We do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

Tax law is subject to continual change, at times on a retroactive basis and may result in incremental taxes, interest or penalties.

There are risks associated with fixed income investments, including credit risk, interest rate risk, and prepayment and extension risk. In general, bond prices rise when interest rates fall and vice versa. This effect is usually more pronounced for longer-term securities.

Stock investments have an element of risk. High-quality stocks may be appropriate for some investments strategies. Ensure that your investment objectives, time horizon and risk tolerance are aligned with stocks before investing, as they can lose value.

Benchmark Investments only acts as a mediator between its clients and the company inviting/accepting deposits, known as Principal Company.

The contents herein above shall not be considered as an invitation or persuasion to trade or invest. We accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon.

Mutual fund and other investments are always subject to market risks. Please read all, Scheme Information Documents (SID), Key Information Memorandum (KIM), Addendums(if any) issued there to from time to time and any other related documents or information carefully before investing. Past performance is not indicative or assurance of future performance or returns. Please consider your specific investment requirements before choosing a fund.

For any grievances, investors can contact at: hello@benchmarkinvestments.in,  Tel: +91-755-4938282 / +91-9826310337.
©  Copyrights 2022 , Benchmark Investments | All Rights Reserved |  Designed, Developed & Content Powered by Accord Fintech Pvt Ltd