Palshetkar's Financial Solutions

NRI CORNER

Make the most of the attractive investment opportunities in India. But before you do that know all that you need to know about investing.

An Indian citizen or a foreign citizen of Indian origin who stays abroad for employment/carrying on business or vocation or under circumstances indicating an intention for an uncertain duration of stay abroad is a NON-RESIDENT INDIAN (NRI)

When a NRI wants to invest in Mutual Funds offered in India, it becomes mandatory for him to open an NRE / NRO /FCNR Bank Account . All Investment made into Mutual Fund ( offered in India ) by an NRI has to made through his NRO / NRE / FCNR Bank Account.

Non-Resident (External) Rupee (NRE) account is a rupee account from which funds are freely repatriable. It can be opened with either funds remitted from abroad or local funds maintained in NRE/ FCNR accounts, which can be remitted abroad. The deposits can be used for all legitimate purposes. The balance in the account is freely repatriable

Some of the investment options are government securities, treasury bills, mutual funds, bonds issued by PSU, certificate of deposits, perpetual bonds, stocks, ETF, money market mutual funds, real estate property, company deposits and more

Non-Resident Ordinary Rupee (NRO) account is a rupee account and can be opened with funds either remitted from abroad or generated in India. The amounts in such an account are generally non-repatriable. However, funds in NRO accounts can be remitted abroad subject to/as per various directives in force at the time of repatriation. More details can be found on the Reserve Bank of India (RBI) website

Service Offered:

  • Based on the need the Investor defines his investment goals. Out team with expertise design an investing mutual fund portfolio plan based on invest objectives

  • Diversification among number of investments for less risk

  • One Pager Portfolio Snapshot Diversification among number of investments helps reduce the risk of any single holding

  • Portfolio Investment View We monitor the performance and progress of portfolio on continuous basis and refine strategy if required and carry out portfolio rebalancing.