PAKSHIRAJAN Posted April 29 Report Posted April 29 I heard there are restrictions for us (NRIs) to invest in India. Meaning as an NRI we can't invest in all mutual funds. its quite confusing and I'm a newbie in investing. Can anyone pls throw some light, how can I start investing. I'm already in my 40s and late, but still want to invest in India. Budget: 25-30k INR per month Thank you very much for your valuable opinions. Quote
Spartan Posted April 29 Report Posted April 29 There are no limitiations on MF investment even if u r NRI. chala plans will give u advantage of, if money stays in India, and growth is tax free. India baita teskelte tax kattali.. Quote
Printcopyscan Posted April 29 Report Posted April 29 pick large caps. start sip. open an account . i did it for 5 years. i feel you naa ghar ka...naa ghatka Quote
PAKSHIRAJAN Posted April 29 Author Report Posted April 29 34 minutes ago, Spartan said: There are no limitiations on MF investment even if u r NRI. chala plans will give u advantage of, if money stays in India, and growth is tax free. India baita teskelte tax kattali.. thanks bro if you don't mind can you suggest some? Quote
PAKSHIRAJAN Posted April 29 Author Report Posted April 29 29 minutes ago, SwamyRaRa said: Where to open account? Groww lo open chesa US lo work avvatam la Quote
Spartan Posted April 29 Report Posted April 29 7 minutes ago, PAKSHIRAJAN said: thanks bro if you don't mind can you suggest some? SIP is long time game...chala mandi 2-3yrs lo drop out avutaru... I usually go with Bajaj Allianz ones.... SBi vi vadi vadilesa 3-4yrs lo... 1 Quote
psycontr Posted April 29 Report Posted April 29 41 minutes ago, Spartan said: There are no limitiations on MF investment even if u r NRI. chala plans will give u advantage of, if money stays in India, and growth is tax free. India baita teskelte tax kattali.. Most of the MF companies wont accept NRI investments because of USA complex tax reporting and FATCA. Even if they accept, you need to report MF investments to IRS and again its a very complex process and you need to pay taxes on yearly unrealized gains. Many advise to stay away from MF investments in india if you are a US person. The easiest way is to invest in parents name. Quote
Popular Post psycontr Posted April 29 Popular Post Report Posted April 29 8 minutes ago, PAKSHIRAJAN said: Groww lo open chesa US lo work avvatam la Dont invest in indian MFs if you are US person. Very complex tax reporting. Invest in parents name if you want to 3 Quote
Spartan Posted April 29 Report Posted April 29 3 minutes ago, psycontr said: Most of the MF companies wont accept NRI investments because of USA complex tax reporting and FATCA. Even if they accept, you need to report MF investments to IRS and again its a very complex process and you need to pay taxes on yearly unrealized gains. Many advise to stay away from MF investments in india if you are a US person. The easiest way is to invest in parents name. you dont need to anna.. FBAR is simple... MF lo unrealized gains meeda tax kattanavasaram le...only reporting is needed. If you are withdrawing that amount and using it in India (for most of the SIP plans)...India lo kuda tax kattanavasaram le.. Gains meeda taxes only when move that out of India (and double taxation undadu..u can report that to IRS saying I paid it in India). 1 Quote
psycontr Posted April 29 Report Posted April 29 47 minutes ago, Spartan said: you dont need to anna.. FBAR is simple... MF lo unrealized gains meeda tax kattanavasaram le...only reporting is needed. If you are withdrawing that amount and using it in India (for most of the SIP plans)...India lo kuda tax kattanavasaram le.. Gains meeda taxes only when move that out of India (and double taxation undadu..u can report that to IRS saying I paid it in India). For bank accounts FBAR is sufficient but indian MF tax rules are complex in usa antaru https://www.goldinglawyers.com/u-s-tax-on-indian-mutual-funds-irs-basics-of-indian-mutual-funds/ Quote
nag Posted April 29 Report Posted April 29 3 hours ago, PAKSHIRAJAN said: I heard there are restrictions for us (NRIs) to invest in India. Meaning as an NRI we can't invest in all mutual funds. its quite confusing and I'm a newbie in investing. Can anyone pls throw some light, how can I start investing. I'm already in my 40s and late, but still want to invest in India. Budget: 25-30k INR per month Thank you very much for your valuable opinions. Quote
PAKSHIRAJAN Posted April 30 Author Report Posted April 30 so invest chesukovachu kada? no problem right? Quote
JANASENA Posted June 3 Report Posted June 3 On 4/29/2025 at 11:43 AM, SwamyRaRa said: Where to open account? +1 Quote
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