Mutual Fund Investment Avenues For Non Residential Indian

More and more Indians want to migrate to various countries with the increasing job opportunities cropping up worldwide. However, being Indian we want to stay connected to our country and therefore look for different investment avenues. As a matter fact, non resident Indians can make investments in almost every scheme that are available to a resident Indian.

They can invest in shares, debentures, even portfolio investment and government securities schemes. However, they cannot invest in Public Provident Fund (PPF) or National Savings Certificate (NSC) or even Kisan Vikas Patra. These investment options are not possible when you change your address.

The existing investments cannot be disturbed and you can keep contributing to your PPF account from abroad through NRE or NRO account. The proceedings get credit to your NRO account on maturity. NRI mutual fund investment is considered to be the best option because of the various benefits.

There are no procedural changes for mutual fund investments. Money transaction can be easily managed by a local bank in abroad. The money can be moved out or remitted to your NRE account without any problem. Dividend proceeds will be credited to the same account.

The procedure for NRI mutual fund investment is very simple and easy. The institution sends you the form through email which can be easily downloaded. You should then take the printout of the form and fill it carefully. You just need to attach a check drawn on your NRE or NRO account with the application form.

Just attach your pan card copy and send it to the respective mutual fund institution in India. Once the application form gets submitted, the acknowledgement receipt is being forwarded to you. You may also want to check the best mutual funds before investing the money you care about.

Redemption is equally simple where you just have to put your signatures on the tear off portion present in your account statement and mail it to the company. You should also mention the amount you want to redeem. The proceeds directly get credited to the NRO or NRE account.

Of all the mutual funds available in the market, Reliance growth fund is one of the most popular choices of many investors willing to achieve long term growth. It is an open-ended equity growth scheme with an objective to reach long term capital growths. It is an instrument where in the investments are made in equity related securities based on research investment approach.

The mutual fund industry is considered to be the safest mode of investment for small as well as big investors. The flexibility in terms of needs based choices make mutual funds to be the best option. Best mutual funds are those which have shown considerable growth in the returns for a period of years.

Reliance capital is one of the fastest growing private sector financial services company. The two major equity funds known as the Reliance growth fund and Reliance vision fund have shown uninspired performance during this decade.

Mutual funds are managed professionally by the fund managers who monitor the market trends for taking all the investment decisions.

By: Govindan

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