NRIs are allowed to invest an amount in different mutual fund schemes if they adhere to Foreign Exchange Management Act (FEMA). With Mutual Funds, you get a simple and easy way to invest in complex financial markets. There are several benefits which are given to NRIs in these mutual funds investments.
a) Easily Manageable
b) Increased profits
c) Low Cost
A fixed deposit account is a financial service offered by most banks in the country for domestic citizens as well as Non-Resident Indians (NRIs). NRIs have a variety of options to select the preferred type of fixed deposit account. Majorly there are 4 types of fixed deposit accounts offered by the banks to NRIs. a) NRE Fixed Deposit
b) NRO Fixed Deposit
c) FCNR Fixed Deposit
d) RFC Deposit
Real Estate is the most talked about sector currently and the most beneficial one for NRIs to earn profits. The real estate prices in major Indian cities such as Delhi, Mumbai, Bengaluru and Pune have skyrocketed over the last decade. Many NRIs are purchasing houses in India to make them available on rent. This is fetching them a handsome amount of money.
NRIs can also consider the option of investing in equity funds or shares. This is preferrable mostly for people who are an aggressive investor, and are ready to take some financial risks. NRIs can invest in the Indian stock market directly under the Portfolio Investment Scheme (PINS) of RBI.
The National Pension Scheme (NPS) is beginning to attract interest in India as it provides an additional annual exemption of Rs50,000 each year. This is over and above the Rs1.50 lakh provided by Section 80C of the Income Tax Act. Investing in NPS can be considered as safe investing as compared to investing in PPF and bank FDs. An NRI can invest in NPS if they are aged between 18 and 60 years. NPS offers an annual interest of 12% to 14%.
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