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Welcome to our NRI Zone
.
Q. Who are entitled to invest in Mutual Fund schemes
in India ?
A. NRIs / Persons of Indian Origin are entitled to invest
in Mutual Fund schemes in India under a general permission
from the Reserve Bank of India.
Q
How can an NRI investor invest in Mutual Fund schemes
in India ?
A NRI Investors can invest in our schemes either through
money lying to the credit of their NRO / NRE / FCNR Account
or through approved Banking Channels.
Q How can an NRI Investors seek repatriation of the
redemption proceeds ?
A. NRI Investors can seek repatriation of the redemption
proceeds on their investment where the investment is made
through approved banking channels or by debit to their
NRE / FCNR Account. Income earned on NRI investments by
way of dividend is freely repatriable irrespective of
the source of investment.
Q. What is the TAX treatment for NRI investor ?
A. The tax treatment for NRI investors with respect to
Mutual Fund investments is the same that is applicable
for Resident Investors except that applicable tax would
be deducted at source for NRIs.
Q.
What is the entry / Exit load on SIP ?
A. Entry Load : Nil
Exit Load: For redemption within 2 years from the date of allotment of units, irrespective of the amount of the investment – 1%
Q. How is TDS calculated for NRI Investment ?
A. With effect from 1st June, 2006 Securities Transaction
Tax will be deducted @ 0.25%.
TDS rate for Short Term NRI investor's under Equity
Scheme(s) = 15% (A)
Surcharge = A x 10% = 1.5% (B)
Education Cess = A + B x 3% = 0.495% (C)
TDS to be deducted = A + B + C = 16.99%
TDS rate for Short Term NRI investor's under Non - Equity
Scheme(s) = 30% (A)
Surcharge = A x 10% = 3% (B)
Education Cess = A + B x 3% = 0.99% (C)
TDS to be deducted = A + B + C = 33.99%
TDS rate for Long Term NRI investor's under Equity Scheme(s)
= NIL
TDS rate for Long Term NRI investor's under Non-Equity
Scheme(s) = 20% with indexation benefit. (A)
Surcharge = A x 10% = 2% (B)
Education Cess = A + B x 3% = 0.66% (C)
TDS to be deducted = A + B + C = 22.66%
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