NRI FAQs

Who is a Non Resident Indian (NRI)?


Who is a Foreign Institutional Investor (FII)?


What is the difference between an NRE account, NRO account and FCNR account used by NRIs?


What are the permissible debits/credits to the NRE/FCNR Accounts?


Can I repatriate funds in the NRI Account?


Can I invest in Mutual Funds (MFs)? Do I require special permission from the RBI to make the investment?


Is there any specific procedure to make an investment on repatriable basis?


Are any taxes applicable on income generated from Mutual Funds?


What is the tax treatment for equity oriented schemes?


What about the special threshold rates for women and senior citizens?


What are the provisions for Tax Deduction at Source (TDS)?


Are the special provisions for NRIs u/s 115C to 115I applicable for taxation?


What methods I can use to save tax on income from Mutual Funds?


Can I invest in foreign currency?


How do I redeem my investment?


Can I invest through Systematic Investment Plan (SIP)?


How will I be updated on the performance of the schemes?


Can I repatriate my earnings on redeeming from mutual fund schemes?


How will the redemption proceeds be paid?


Disclaimer:

This FAQ is for investor’s guidance only. While utmost care has been exercised while preparing the FAQs, Edelweiss Mutual Fund / Edelweiss AMC does not warrant the completeness and absolute accuracy or completeness of this information and disclaims all liabilities, losses and damages arising out of the use of this information. The recipient alone shall be fully responsible / liable for any decision taken on the basis of this material. The recipient should make their own investigation and seek appropriate professional advice. Please read the respective Scheme Information Document of the Scheme(s) and the Statement of Additional Information of the respective schemes carefully before investing.

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