Top News
news_img EU ministers meet in Paris on divisive issue of migrants  ||   news_img The 5 best Amazon deals you can get this Monday  ||   news_img Foreign missions congratulate India on Chandrayaan-2  ||   news_img Rare new shark species squirts glow-in-the-dark liquid from its pockets  ||   news_img President Trump, Supreme Court justices pay respects to late Associate Justice John Paul Stevens  ||   news_img Heat wave ends in the East with a bang. Now it's the West's turn to bake.  ||   news_img Louisiana police officer's Facebook post says Alexandria Ocasio-Cortez 'needs a round,' report says  ||   news_img Supreme Court to pronounce verdict in Amrapali case on Tuesday  ||   news_img Puerto Rico Gov. Rosselló says he won't run again as protests grow  ||   news_img 2019 NFL record projections: Can Chargers prevent a Patriots run to Super Bowl LIV?  ||   news_img Louisiana police officer's Facebook post says Alexandria Ocasio-Cortez 'needs a round,' report says  ||   news_img Puerto Rico Gov. Rosselló says he won't run again as protests grow  ||   news_img Britain repeats demand for Iran to release tanker, mulls response  ||   news_img Elizabeth Warren predicts U.S. downturn, says economy's 'warning lights are flashing'  ||   news_img Meghan McCain felt 'petrified' about revealing miscarriage but decided to 'take the leap'  ||   news_img R. Kelly representative: I would 'absolutely not' trust the singer with my daughter  ||   news_img Hundreds of electric scooters are being thrown into the water for fun in Marseille  ||   news_img RS election: SC to hear on August 6 Ahmed Patel's plea against Gujarat HC order  ||   news_img Nasa, global media hail Isro for successful launch of Chandrayaan-2  ||   news_img Opposition members bat for scrutiny of human rights amendment bill by Parliamentary panel  ||            

Investment Opportunities in India for NRIs

04 Jan, 2017 by Admin / Category: NRI Investment

Financial planning for Non-Indian Resident needs to be done by keeping different aspects in mind. Informed investment decisions need to be made in order to get good opportunities. In regard to this, it is important to stay updated with the latest information related to investment. Have you ever seen specific details regarding investment opportunities in India on any NRI website? Anyways, the important part is to know all the essential things before making any decision to invest. 


The most important aspect before taking any step further is whether you classify as an NRI or not. Without fulfilling the needs of this aspect, there is no point to go ahead. Let’s understand this and other points, broadly:


1. Classification of Whether you are an NRI or not


The Income Tax Act classifies residency on two terms: ‘resident’ and ‘non-resident’. Further, a resident can be categorized as ‘Ordinarily Resident’ and ‘Non-ordinarily Resident’, which is applicable to residents. A person is a resident of India if, he/she fulfills the basic conditions under the act.


 2. Considering India as an Investment Decision 


After bearing a number of economic setbacks, many Indians serving in a foreign land are concerned about their job security and other sources of income. This had made them take a decision to invest in India by taking professional guidance. India is a shining star when compared to other developing countries. The government wants its NRIs to invest here in India to build the country’s growth. 


However, investing is any country is just the first step, other things such as tax applicable, investment amount, etc., must be considered. 


3. Options of Investment 


The investment opportunities for NRIs are similar to a lot extent. 


a) Direct Equity: NRIs can invest easily in equity markets. But, before investing, factors such as time horizon, risks and others must be kept in mind. Moreover, there is no limit to the investment amount in equity. 


b) Mutual Funds: Investing in mutual funds will be a safer option than opting for other types of investment. In fact, for an NRI, no specific approval is required. However, there are certain mutual funds that do not accept deposits from NRIs based in Canada and USA.


There are free advertising on websites for NRIs, regarding their business stability, but it doesn’t really work for mutual funds. 


If you are an American or Canadian NRI, make sure to check the fund house rules before investing to avoid locking of money. 


c) Real Estate: The most lucrative investment opportunity is the real estate. The benefit is that while you are living in a foreign land, you can easily give the apartment for rent. On the contrary, an NRI is not allowed to take a home loan, but they can certainly avail one for buying a property. 


4. Bank Accounts used


Before knowing everything about the bank accounts, it is important to consider that whether the amount in your account is obtained from the Indian source or repatriated from a foreign land. Based on the answer to such questions, you will decide whether to invest through Non-Resident External (NRE) account or Non-Resident Ordinary (NRO). 


NRO Account: If you are likely to transfer Indian earnings, use this account, and the interest income is subject to Indian taxable laws. You can even deposit foreign earnings in the account. 


NRE Account: In this, your funds are converted into rupees at the prevailing rate of the Indian currency. 


Investing in India is a good option, which offers impressive returns. If you want to invest, make sure to gather relevant information through different NRI websites or consultant a pro. Make your money counts!   




Submit your comment



About Us Terms & Conditions Disclaimer
Advertise Contact
register and win

NRIS.COM is one of the premier NRI website that provides a range of resourceful services to Indian expats residing in the USA. Visiting the site you will find comprehensive information related to restaurants, casinos, pubs, temples, carpool, movies, education, real estate, and forums. The simple and easy to navigate format allows NRIs to gain information within a fraction of a second. Moreover, advertising through its column of Indian free classifieds in USA allow businesses to improve visibility of their brand.

National NRI's Chat (0 Users Online)