Key Benefits Of Investing In Mutual Funds As An NRI
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The Indian mutual fund (MF) industry is growing and as an NRI, you should also enjoy a slice of the action and grow your wealth. Here are some reasons why.
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Good return potential
With the Indian markets growing steadily and the economy on an increasing trend, there is a high return potential for NRI investors.
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Portfolio diversification
Investing in Indian mutual funds allows NRIs to diversify their financial portfolios across geographies for risk mitigation.
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Tax advantage
Long-term capital gains from equity funds, exceeding Rs 1 lakh, are taxed at 10%, a lower tax rate for NRIs who usually pay higher taxes abroad.
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Easy investments
NRIs can invest and manage your mutual funds from their domiciliary country. This makes for convenient investments.
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Easy repatriation
With an NRE bank account, NRIs can easily repatriate the returns earned from their mutual fund investments, without limits.
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These factors make MFs popular and IDFC FIRST Bank offers a digital NRI account opening process with tailored banking solutions for easy investments.