Financial Investments

ASTRO GROUP

Nri Services – Investment Bouquet From India To Nris

India has become the most popular financial market globally and is the most preferred country for global investors for investment. To move away from home and worry about how to manage capital and banking services or investments back at home is very common among NRIs. We offer a range of investment products customizable for the NRIs.

Our NRI services allow you to invest and withdraw at your convenience. We will help you to choose the financial products matching your portfolio and goals. You can invest in mutual funds or any investment product. We are passionately motivated to collaborate with the ethical and dynamic process for consistent wealth-building irrespective of bull or bear runs in the finance market. We provide the timely advice and right product for investment.

The following investment avenues are available for the Non-Resident Indians in India:

Invest in Government securities through primary dealers

Invest in mutual funds both on repatriable as well as non repatriable basis. There is no limit for investment in domestic mutual funds

Purchase non-convertible debentures of Indian Companies, Fixed Deposits with Public Limited Companies, Commercial papers issued by Indian companies, Bonds issued by Public Sector Units (PSU’s)

Investments in shares and convertible debentures of Indian Companies both on repatriation and non repatriation basis. This is provided the company is not involved in plantation, real estate or agricultural business. NRIs can make investments both in the primary as well as secondary market

Invest in immovable property in India, provided funds are if from outside India or through NRE/ FCNR accounts. NRIs / PIOs can freely rent out their immovable properties, without seeking any permission from RBI

Invest in bearer securities like Indira Vikas Patra/Kisan Vikas Patra, National Savings Certificates , Public Provident Fund, RBI Bonds, Senior Citizen Savings Scheme 2004. Investment already made, if any, shall persist

Extent of Tax Liability:

Based on the residential status of a tax payer and the place where the income is earned, the income that is included in the total income is as under:

RESIDENT:

All incomes whether earned in India or outside India

NON RESIDENT:

All incomes earned in India

NOT ORDINARILY RESIDENT:

All incomes:
» Earned in India, and
» All incomes earned outside India if the same is derived from a business which is controlled in India or from a profession which is set up in India.

DOUBLE TAXATION AVOIDANCE:

Since a resident is liable to pay tax in India on his ‘total world income’, it is possible that he may have to pay tax on his foreign income in that country also. To avoid such a situation the Government of India has entered into agreements for avoidance of ‘double taxation’ with different countries.

HOW CAN NRI INVEST IN INDIA?

We offer solutions to all your queries:
1. NRIFINSERV offers solutions to all your investment-related queries and assist you in executing and managing all investments.

2. Our experienced and expert research team will provide you the access to quality research and advisory services.

3. We have a special desk for NRI customers enabling you to place your orders over a call or via email.

4. We have collaboration with the banks to offer services to our NRI clients. This collaboration works in favour of all NRI clients to open any bank account such as an NRI trading account and Demat for NRI to enjoy different investment transaction

WHY SHOULD NRI INVEST IN INDIA?

India has received the largest international remittances that show a deep connection of NRIs with their roots. Also their preferences as investors for India. In 2021, remittances to India totalled over $87 billion, an increase of 8% from the previous year.

NRIs can invest in India for various reasons. First, it is a great technique to safeguard your finances from being reliant on the expansion of just one economy. Since India is a developing country with far greater growth potential than mature economies, NRIs are encouraged to invest here.
NRIs can effectively diversify their investments by using a variety of assets. They can invest in mutual funds, bonds, alternative investment funds, etc. Moreover, they can receive a higher interest rate than other countries on their investments alongwith capital appreciation for example with HDFC Life Guaranteed Income products the returns are much better than other countries.

HDFC LIFE in India has announced that the overseas branch of its international subsidiary HDFC International Life and Re, will now offer US Dollar denominated life and health insurance solutions for Non-Resident Indians (NRIs) from GIFT City – IFSC, India under the brand name HDFC Life International.

HDFC Life International will cater to NRIs and the global Indian diaspora, offering insurance solutions with world-class features that are not limited by borders. Most importantly, these products can be purchased using foreign currency such as the US Dollar. The full range of solutions offered by HDFC Life International includes products that address an individual’s financial needs related to Savings, Health and Retirement.

Types A/C for NRI

NON-RESIDENT EXTERNAL ACCOUNT (NRE)LE

In this account, the amount is deposited in Indian currency. You can maintain accounts in the form of recurring, saving, FD, or current account. Good interest rate, easy transfer, anytime access, low balance required is some of the benefits of NRE.

NON-RESIDENT ORDINARY ACCOUNT (NRO)

These are saving accounts for managing your income earned in India. The amount can be the rent of your property, pension, interest, dividend, etc. You can maintain an account in the form of saving, recurring, or current. But in this account, a 30% tax will be deducted after withdrawal.

FOREIGN CURRENCY NON-RESIDENT (FCNR)

This is the best type of investment for NRIs who want to invest their foreign currency. No risk involved in this account, and both principal and interest amounts are repatriable. Also, the interest rate depends on the currency you deposit. The different currencies will have a different interest rate.

Lucrative Investment Products for NRI’s in India

DIRECT EQUITY

You can invest in the Indian Stock Market through the Portfolio Investment Scheme (PIS). You have to open an NRO or NRE bank account. Moreover, you will need a demat and trading account to take part in the Indian equity market.

MUTUAL FUNDS

This is another excellent investment option for NRIs. This open-ended investment draws money from many investors to buy securities. This type of investment involves some risk, but usually caters greater returns than other investment plans.

REAL ESTATE INVESTMENT

BONDS

CERTIFICATE OF DEPOSITE (CD)

NRIs can get CD from Indian banks whose duration is between 7 days to 1 year. These short-term investments are negotiable instruments, and the investor will get the principal amount along with fixed returns.

GOVERNMENT SECURITIES

In this low-risk investment, a bond or debt obligation is issued by the government, which is repaid on maturity. These investments can be long-term or short-term, and the maturity period of securities lies between a few days to 52 weeks.

NON-CONVERTIBLE DEBENTURES

If you are looking for other investment options apart from mutual funds or the stock market, go with NCD. These long-term investments are like fixed deposits but have a higher return. You can make such investments through NRE and NRO accounts.

NATIONAL PENTION SCHEME

This is a retirement plan that anyone between 18-60 years of age can avail. Its maturity benefits and withdrawal amount are both taxable. Tier-1 and Tier-2 are the two types of accounts under NPS.

UNLISTED PUBLIC LIMITED/PRE IPO COMPANIES

India is entering into the next league through various startups turning into unicorns. This multiplies the scope and opportunities for NRI investors.