Which SIP mutual fund category is best to start investing with?

Pawan Kumar

Pawan Kumar, Co Founder and CTO at Fincash.com (2016-present)

Répondu il y a 33w · L'auteur dispose de réponses 376 et de vues de réponses 1.1m

Merci pour A2A.

Coming straight to the point, I would like to tell that there are a number of schemes that you can choose to invest. Since SIP is generally in the context of equity funds, therefore, in this answer we would be focusing more on equity funds. Let us first look into the various types of equity funds and some of the best schemes in each category.

Large Cap Funds

Large-cap funds are the schemes whose fund money is invested in shares of large-cap companies. These companies have a market capitalization of more than INR 10,000 crores. These companies are mostly bluechip companies who earn steady growth and income on a yearly basis. Their risk appetite is not very high and are considered to earn good returns over long-term. People with a moderate risk-appetite can choose to invest in large-cap funds for long-term. Some of the best schemes that you can choose for investment are as follows.

  • Axis Focused 25 Fund – 25.4% (1 Yr) 12.2% (3 Yr) 17% (5 Yr)*
  • Invesco India Growth Fund – 24.4% (1 Yr) 10.8% (3 Yr) 18.6% (5 Yr)*
  • Mirae Asset India Opportunities Fund – 21.4% (1 Yr) 12.7% (3 Yr) 20.9% (5 Yr)*

*as on February 26, 2018

Mid Cap Funds

Mid-cap funds form the middle of the pyramid when shares are classified on the basis of market capitalization. The shares forming part of mid-cap funds have a market capitalization of INR 500 – INR 10,000 crores. The returns generated by these companies are generally higher than large-cap companies and they have the potential to grow and form part of large-cap funds. People can choose to invest some portion of their savings money in mid-cap funds. However, the risk-appetite of these schemes is higher than large-cap funds. Even the investment tenure in case of large-cap funds need to be higher. Some of the best schemes under the mid-cap category that you can choose to invest are:

  • Aditya Birla Sun Life Small & Midcap Fund – 29.1% (1 Yr) 19.9% (3 Yr) 27.4% (5 Yr)
  • L&T Midcap Fund – 28.6% (1 Yr) 21.2% (3 Yr) 24.5% (5 Yr)
  • Sundaram Select Midcap Fund – 18.8% (1 Yr) 15.4% (3 Yr) 26.4% (5 Yr)

*as on February 26, 2018

Small Cap Funds

Small-cap funds are the schemes that invest in shares of small-cap companies. These schemes form the bottom of the pyramid when comparing companies on the basis of market capitalization. These schemes help people diversify their portfolio and are priced lower than large and mid-cap funds. Though these schemes give good returns yet their risk-appetite is also high. Therefore, individuals should bear the risk appetite to earn higher returns. Some of the best schemes in small-cap funds are:

  • Invesco India Mid N Small Cap Fund – 21.4% (1 Yr) 10.9% (3 Yr) 23.9% (5 Yr)
  • Reliance Mid & Small Cap Fund – 21.8% (1 Yr) 12.8% (3 Yr) 25.2% (5 Yr)
  • Edelweiss Mid and Small Cap Fund – 32.5% (1 Yr) 15% (3 Yr) 27.2% (5 Yr)

*as on February 26, 2018.

Diversified Funds

These schemes invest in shares of companies across varying market capitalization. These schemes look for the possible opportunities that are available across sectors, market capitalization and invest in shares of those companies. Diversified funds are a good option for long-term investment and have fetched good returns in many instances. Some of the best diversified schemes that can be chosen for investment include:

  • Principal Emerging Bluechip Fund – 27.1% (1 Yr) 17.7% (3 Yr) 27.9% (5 Yr)
  • Tata Retirement Savings Fund-Progressive – 26.7% (1 Yr) 14.3% (3 Yr) 20.3% (5 Yr)
  • Tata Equity PE Fund – 26.7% (1 Yr) 15.8% (3 Yr) 24% (5 Yr)

*as on February 26, 2018.

Thus, from the above, it can be said that there are a number of schemes that you can choose to invest. However, before investing in any of these schemes you need to answer a few questions related to:

  1. The objective of the investment
  2. The tenure of investment
  3. The Expected returns on the investment
  4. The risk-appetite on the investment

Answering these questions will help you choose the type of scheme that suits your requirements and how your portfolio will appear. It will also help you to ensure to understand the modalities of the scheme completely and if required, you can consult a financial advisor. This way you can ensure that your objective is accomplished in a hassle-free manner.

Keep Calm & Enjoy Investing!

To invest in Mutual Fund, visit www.fincash.com

For More Reads:

Equity Funds

Disclaimer: The writer is the Co-Founder- Fincash.com, the views expressed here are personal in nature. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.

Harsh Jain

Harsh Jain, Registered Mutual Fund advisor, Co-Founder Groww

Répondu il y a 72w · L'auteur dispose de réponses 198 et de vues de réponses 582.8k

Il ya trois broad categories of Mutual Funds -

  • Equity - The mutual fund invests in stocks of select companies with certain strategy. The objective is to get highest return in long term.
  • Debt - The mutual fund invests mostly in government and corporate bonds. The objective is to get returns, in short term, with very low risk.
  • Hybrid -The mutual fund invests 65–70% of the money in equity and rest in debt. The objective is to get moderate returns with moderate risk.

The best broad category of Mutual Funds to do SIP in, as you have already picked, is Equity Mutual Funds.

Equity Mutual Funds Categories

Amongst Equity Mutual Funds there are few categories based on the investment strategy of the Mutual Fund. The choice of category depends on the risk appetite and investment time.

Which SIP mutual fund category is best to start investing with?

  • Large Cap - Most of the investments are in the companies that have very high market capitalization (market size). These are also called bluechip companies. Although every fund house has a different definition of what is a Large Cap, but if you arrange all the public traded companies in India in descending order of their market size, the top 100 or so will be considered Large Cap. These are the least risky amongst the Equity Mutual Funds because of the sheer size of the companies.
  • Mid Cap or Small Cap - Such funds invest mostly in small or mid sized companies. Again there is no unanimous definition for the Mid or Small cap, but leaving out the Large Cap companies others can be categories as Mid, Small or Micro based on their sizes. These mutual funds bear relatives higher risk and therefore gives higher returns in long term. E.g.
  • Multi Cap - These funds invest across all sizes of the companies. Most of these funds try to identify high potential companies that are available for low share price. These are good if you don’t want to start with large sum. You can find Multi Cap funds that accept as low as Rs 500/month.

Best Funds to start investing

To start, you should invest in a portfolio of one top fund from each category. Take this Portfolio for e.g.

High Growth SIPs for Long Term - Diversified portfolio for Start Investing.

Which SIP mutual fund category is best to start investing with?

This Portfolio has Mutual Funds from each category. This way, you can diversify your investments, learn about all categories and in future, invest more in the category that suits your risk-returns expectations.

How to start SIP?

  • Signup and complete onboarding on registered Mutual Fund platform - Groww. The process is 100% paperless. You can continue to get advice for future investments.
  • Select the mutual fund portfolio that you want to invest in (according to the risk, term and returns)
  • Just make online payment once and set it for auto-debit for next month onwards.

Hope it helps.

Anand Suman Srivastava

Anand Suman Srivastava, I am a disciplined investor

Répondu il y a 118w · L'auteur dispose de réponses 133 et de vues de réponses 282.8k

A lot of buzz going into market about SIP. SIP are similar to the Recurring Deposit plans by bank in term of deposit interval. You can choose the investment amount and investment frequency as per your convenience. It may be monthly or quarterly. You can start with very small amount staring 500INR. There are two types of SIP available in the market:

1. Close Ended Fund

2. Open Ended or Perpetual SIP

In close ended SIP you choose a investment horizon for a particular time period while open ended funds provides you flexibility of investing as per your choice. You can take this option and exit at any time as per your convenience. There will be some exit load as notified by Asset Management Company. Currently it is 1% for most of the companies. Means if you are exiting below 1 year you will get 1% less profit what is showing by the plan.

Be ready while investing in equity mutual fund you are supplying your money to stock market. The great thing in mutual fund is that they invest your money in various sector simultaneously. Means if you are depositing 1000 per month in mutual fund you are investing small small part in many companies. This reduces the risk level to very low. Because all the sector will not perform bad at the same time One more term is here worth notable the size of fund plan. You will hear the terms Large cap fund, Mid Cap fund, Micro Cap fund, Sectoral based fund etc. Large cap fund are those which invests a major portion of their fund in large companies while mid and micro cap fund will invest in relatively smaller companies. Sectoral fund will not have a diversified sector rather they will invest in only one sector. For example if you are choosing SIP in XYZ pharma plan you will find that this plan is investing all the money in pharma sector companies like Lupin, Dr Reddy, Cipla etc.

So coming to the main question whom to start with? I will suggest to start with large cap fund for medium profit(normally 10-15%). If you are RISC apetite then you can choose Mid and Micro cap fund( normally 25-50% return). I will suggest to deposit your saving in 80% equity mutual fund and 20% fixed income source( RD, FD etc). If you are choosing SIP, I will suggest you to choose as many AMC as possible. AMC means Asset Management Company like ICICI MF, HDFC MF, Axis MF, SBI MF etc and choose as many dates and as many plans as possible. For example if you have 10000 to invest in Equity SIP choose atleast 3 AMC like SBI, ICICI and Axis. Now you have planned you will invest 4000 in SBI Mf, 3000 in Axis Mf and 3000 in ICICI Mf. Now choose 4 plans of each 1000 in SBI, 3 plans of each in Axis and 3000 in ICICI. Now choose dates for individual plan as 5, 10, 15, 20, 25 and 30. This will reduce your fear of stock market crash and increase on a particular date.

ADVISORKHOJ

ADVISORKHOJ, We write about personal finance and Mutual Funds.

Répondu il y a 139w · L'auteur dispose de réponses 551 et de vues de réponses 403.2k

It is great that you wish to start Mutual Fund investments. Depending on the amount you wish to invest, try for a mix of categories rather than just one category, if possible.

Large cap funds usually consists of equities of the companies that have large capitalization and drive the economy. As a category, it is very stable and does not fluctuate in good and bad times. Returns are almost consistent. Hence, if you are an investor who has a moderate risk appetite then this must be the one for you. This is one of the stable categories of Equity Mutual Funds. Equity Funds Large Cap this is a list of all the leading large cap funds.

Mid and Small cap funds are suitable for moderate to high risk takers. If you are planning to stay invested for a long period of time then this is a great category. The past performance of the category has been exceptionally well especially the Mid cap category. Small cap category when mixed with Mid cap forms Small & Mid cap and it helps to deal with the volatility associated with Small cap. Equity Funds Mid Cap, Equity Funds Small Cap these links will tell you the performances of these categories.

Multicap is a mix of Large cap and Mid cap and the combination is an excellent one. It allows you to get the high returns of Mid cap and stability of large cap. No matter which category you might pick the markets at a low now and this is the best time to invest. Markets follow the cyclical movement of lows and highs. If you invest in a low you will able to make the most of the upcoming highs. Hope this helps!

Priyanka Chakrabarty

www.advisorkhoj.com

Prakarsh Gagdani

Prakarsh Gagdani, Around 15 years of Capital market experience including Mutual Funds

Répondu il y a 113w · L'auteur dispose de réponses 1.1k et de vues de réponses 1.2m

SIP or Systematic Investment Plan is the safest way to invest in equity markets through mutual funds. It is in other words, is a disciplined investment method through which an investor pays a pre- decided amount of money to a designated mutual fund/or funds.

SIP in stocks is an extremely useful method that allows you to invest a certain amount of money in a set of stocks or exchange-traded funds at regular intervals (Weekly, forthrightly or monthly). SIP helps one stay invested consistently and beat market volatility.

Benefits Of SIP:

Disciplined Investment

No Lump-Sum Investment

Need Not Time The Markets

Lessens Time On Research As Selected Mutual Funds Do It For You

There are two categories of SIP available in the market:

A). Close Ended Fund

B). Open Ended or Perpetual SIP

Both the categories are considered good for all kinds of investors, but holding your investment in open ended funds allows you to take your money out the nest anytime you want to. Investing in closed ended mutual funds and tax saving (ELSS) mutual fund schemes cannot exit as they have a lock-in period of 3-5 years.

But then, when an investor chooses to take out his/her eggs out of the nest before a year of date (this is variable and is decide by AMC) of investment there may be a exit load levied by the AMC which may eat up a significant portion of your investment capital.

There are several banks and non-bank entities that run mutual fund businesses, they are Asset Management Companies. Some of them are SBI, Canara bank, IDBI, Axis Bank Mutual funds. Reliance, Aditya Birla, HDFC MF, etc.

Swati Aggarwal

Swati Aggarwal, Investor. Worked at a top tier investment bank for 5 years.

Répondu il y a 139w · L'auteur dispose de réponses 86 et de vues de réponses 169.8k

Salut Aniket,

The first thing to understand is that equities from different cap brackets (large, mid and small) are highly correlated. What that means in simple terms, is that if large cap equities are up then you are very likely to find that mid cap and small cap equities are also up. And if large cap equities are down then mid cap and small cap equities will also be down except on rare occasions.

Where cap matters, is that smaller cap equities generally have beta of >1 to larger cap equities i.e. if large cap equities move by a certain amount x, then mid cap equities will move by >1*x and small cap equities by even more than that. If we are in a period when equities are going well (say a good growth period) then small cap equities will do better than mid cap which will do better than large cap. During sell-offs the opposite will be the case. Large cap down by least followed by mid and then small.

So smaller cap equities promise greater returns with greater risk. Multi-cap funds will lie somewhere in the middle based on the cap composition. Based on only the information that you have provided in your question, since you are fairly young, it seems like a good idea to invest in an equity-heavy portfolio and also have some investment in mid and small cap equities. Hence you can consider multi cap funds.

If you are looking for fund recommendations, you can check our top picks in each of these categories:https://orowealth.com/#/screener These are funds which we expect to outperform category average. However please exercise your own discretion also.

It is also important to be aware of the direct plans of mutual funds. You can read more about these here:https://orowealth.com/#/blog#blo... Buying direct plans is a sure-shot way of increasing your returns over regular plans.

Shraddha Tiwari

Shraddha Tiwari, Investing in stocks since 2 years

Répondu il y a 9w · L'auteur dispose de réponses 122 et de vues de réponses 221.8k

Here are the Top 5 Mutual Fund Categories to invest :

Which SIP mutual fund category is best to start investing with?

  • Large-Cap Mutual Funds
  • Small-Cap Mutual Funds
  • Multi-Cap Mutual Funds
  • ELSS Mutual Funds
  • Aggressive Hybrid Mutual Funds

If you want know :

  1. Which Are the Best Categories for Wealth Creation?
  2. How Are They Different from Each Other?
  3. Which Category Is for You?
  4. What Should You Avoid While Investing?
  5. Top Funds from Each Category

Then visit at https://bit.ly/2BaQNRv

Anil Rego

Anil Rego, More than 20 years in same business and runing company Right Horizons.

Répondu il y a 138w · L'auteur dispose de réponses 166 et de vues de réponses 194.2k

Since you are beginning with your investments, we would suggest to start investing in a combination of Large and Midcap funds. However, these should also depend on the funds invested, you can add on Balanced Funds to your portfolio too. Here are few funds which can be considered for the purpose of investments

Large Cap

1. ICICI Pru Focussed Bluechip Fund – Gr

2. BSL Frontline Equity Fund – Gr

Mid Cap

1. Franklin Indian Smaller Companies Fund – Gr

2. HDFC Midcap Opportunities Fund - Gr

What is the process for NRIs to invest in mutual funds in India?

Dinesh Rohira

Dinesh Rohira, CEO at 5nance at www.5nance.com (2015-present)

Répondu il y a 39w · L'auteur dispose de réponses 1k et de vues de réponses 259.5k

Hi Kothai,

To start with, you will have to open the following accounts with an indian bank as foreign currency is not accepted for investment.

  • Foreign Currency Non-Resident (FCNR) account
  • Non-Resident External rupee (NRE) account
  • Non-Resident Ordinary rupee (NRO) account

Once you have done so, You will have to get an application with all the required KYC details indicating if the investment is non-repatriable or repatriable. You might have to visit the indian embassy in the country of residence for completing in-person verification. Usual KYC documents like PAN card, photograph, proof of residence, bank statement and certified copy of passport will be required.

Though the procedure is not a simple one but the hassles are worth it due to returns of investment.

You can also invest with us by logging on to 5nance.com . We offer NRI investors account and can initate investment for you. You will have provide your NRI status, Proof of International address among others and we can sort it for you. In case of any doubts, feel free to speak to one of our advisers.

Bon investissement!

Fundz Bazar

Fundz Bazar, Best Online Mutual Fund Investment Platform in India

Répondu il y a 39w · L'auteur dispose de réponses 270 et de vues de réponses 313.2k

Yes, NRIs can invest in Indian Mutual Funds. and that too from anywhere anytime through online investment portal FundzBazar

Who can invest in Mutual Fund Schemes?

  • If you are USA or Canada based NRI you can invest online in Mutual Fund Schemes of 2 AMC i.e. Sundaram & L&T without any documentation
  • If you are NRI with any other country except USA and Canada, in that case you can invest online with many more AMCs without any documentation
  • FundzBazar offers you the option to invest through NRE and/or NRO account

If you are U.S. based NRI, below given are the AMC’s which accepts investments only in physical mode and you also need to submit declaration along with the physical application form:

  • Birla Mutual Fund
  • DHFL Pramerica Mutual Fund
  • Edelweiss Mutual Fund
  • HDFC Mutual Fund
  • IIFL Mutual Fund
  • Kotak Mutual Fund
  • Reliance Mutual Fund
  • SBI Mutual Fund
  • Taurus Mutual Fund
  • UTI Mutual Fund

Please note that this list can change from time to time as indicated by individual AMC’s

Avec FundzBazar you can easily transact in Mutual Funds anytime, anywhere:

  • Its an online investment platform created to simplify investing in mutual funds and enjoy the freedom and flexibility to plan, choose, transact and keep a track of your investment
  • Complete paperless transaction – for free
  • Round the clock online investment facility for SIP, Purchase, Switch, Redemption, etc
  • Invest, Manage and Track all investments of your family under single login
  • Make investments in joint names by setting up multiple combinations for Joint Investments
  • Transact anytime, anywhere through FundzBazar Mobile App
  • Various Research tools to simplify your investing experience

You can start investing online in 3 simple steps:

  • Enregistrer votre compte with email and mobile number
  • Enter your KYC details. If your KYC is done after 01st Feb 2017, you need to provide KIN (CKYC Number)
  • Provide PAN, Additional Info, FATCA and Nominee details
  • Provide Bank details and upload cancel cheque leaf
  • FundzBazar offers you the option to invest through NRE and/or NRO account

After verifying your details at our end, we will activate your account. Activation of account will take around 2–3 working days.

You can start investing lumpsum amount once your account gets activated.

If you want to invest via SIP, you need to send us duly signed NACH mandate which you can download it from the download section when you login to your FundzBazar account. NACH mandate is mandatory for registering the SIP.

NACH mandate is a one time registration process to make payment without using cheque/DD, NetBanking or NEFT/RTGS.

Heureux Investir !!!

Jameel Khan

Jameel Khan, Business Developer at Zerodha (2017-present)

Répondu il y a 39w

Dear fellow NRI Investor/Trader,

Don’t know about Asset management companies but in Zerodha you can start invest in mutual funds with this process

Open an NRE/NRO savings bank account in India

NRE Account?

Non-resident External Account (NRE) is a bank account where both the principal and the interest earned can be repatriated. You can transfer dollars from your foreign bank account which gets converted to rupees when it hits your NRE account. Funds kept in the NRE account can be converted back into dollars and can be transferred back to your foreign account along with the interest earned. This ability of an asset to be moved from a foreign country to the investor’s home country is called repatriability.

NRO Account?

Non-resident Ordinary Account (NRO) is a bank account where principal and interest only upto $1million per year can be repatriated.

Check this link to know more.

Get an RBI approval to start investing on the stock exchanges (PIS)

You need to get a PIS (Portfolio Investment Scheme) permission letter from RBI (Reserve Bank of India) before you can open a trading or demat account with a brokerage in India.

How to get the PIS letter?

The bank where you opened the NRE/NRO account will take care of this. Make sure to submit all the requisite documents.

Open a Trading and Demat account

You can now open a trading and demat account with a brokerage firm (like Zerodha). Along with all the other documents, you have to also give a copy of the PIS letter that the bank would have given you. Here is the application form to open a Zerodha Trading & Demat Account.

Note that you can open both NRE and NRO bank account simultaneously with a bank. In this case, you have to specify which one of these two you want to be mapped to your trading account. You can map only one of these accounts to your trading ACCOUNT.BY mapping your NRE account, you can only trade in the Equity segment whereas through an NRO account, you could trade in both Equity & Derivative segment. If you wish to map both these accounts for the sake of Equity trading, you’ll have to obtain 2 client codes from your brokerage firm.

Documents required to open a trading and demat account

Copy of PIS permission letter

Copy of FEMA declaration for Zerodha and FEMA declaration for Zerodha Securities

Copy of PAN card

Overseas address proof – Copy of Driving License/Foreign Passport/Utility Bills/Bank Statement (not more than 2 months)/Notarized copy of rent agreement/Leave & License agreement/ Sale Deed

Indian address proof, if any

Passport size photograph

In case of an Indian Passport: Copy of valid passport with place of birth as India, Copy of Valid Visa

In case of Foreign Passport: Copy of Valid passport, Copy of PIO/OCI card.

Proof of Bank account (a cancelled cheque leaf of your NRE or NRO savings bank account)

Note: Copy of PAN card, Passport and Foreign address proof to be notarized by Indian Embassy or any other competent authority like Consulate General / Notary Public / Any Court / Magistrate / Judge / Local Banker in the country where the NRI resides. The attesting authority should affix a “verified with original” stamp, name, designation, signature and date on the said documents

Declaration of P.O. Box in your residing country

FATCA Declaration Form

Processus de négociation

Allocate funds from your NRE/NRO bank account to your PIS.

The bank now informs the brokerage firm on how much funds you have allocated. This is then updated on your trading account.

When you make a stock purchase, the brokerage firm sends the buy contract note at the end of the day to the bank. The bank in turn debits your PIS account to that extent and credits the brokerage firm.

Similarly when you sell some stocks from your demat, the brokerage firm sends a sell contract note at the end of the day to the bank and also credits your PIS bank account with the proceeds from the sale.

Note that two separate contract notes are sent for all your buy transactions and sell transactions at the end of every day. The net amount credited/debited to your PIS will be including all charges that appear on the contract note.

Taxation

Financial year ending in India: March 31st

Last date for filing IT returns: July 31st

Long term capital gains: Zero or exempt. Any gain made on stocks held for more than 1 year is exempt from any taxes.

Short term capital gains: 15% on any gain made on stocks sold before 1 year.

Trading income from F&O: Considered as business income, and taxed according to the Income tax (IT) slabs in India.

Trading on Futures and Options?

Yes you can trade in F&O segment of the exchange out of the rupee funds held in India on a non-repatriate basis. It is a little complex to get started as trading on F&O requires a NRI to get a Custodial Participant (CP) code. We at Zerodha have tied up with IL&FS for custodial business, and hence this CP code is assigned by IL&FS. Once you have the CP code, all the funds for trading F&O will sit with the custodian, similar to how all your funds for trading stocks sit with your bank. A typical starting portfolio size for a custodial account is Rs 50lacs.

Autres choses à garder à l'esprit

Stock holding of an NRI can’t exceed 10% in any Indian listed company.

NRI can trade only delivery based. No intraday trading on equity/stocks allowed.

NRI can trade only equity and equity F&O. No currency or commodity trading allowed.

NRI at Zerodha

Currently we are servicing only such clients who have their PIS account with Axis, HDFC or Yes bank. We are in the process of tying up with more banks.

As you can see that there is an incremental effort involved in servicing NRI clients as compared to a resident client, the brokerage is Rs.200/executed order for Equity (0.1% or Rs 200 whichever is lower) & Equity F&O is charged at Rs.100 per order.

Update (11th January 2018)

We have some good news for investors whose residential status has changed from being a resident to a non resident. Recent changes in depository regulations have now made it possible for one to convert an existing demat from residential status to NRI status without the need of closing the demat account. Here’s the procedure listed out to convert your existing resident account to a non resident account.

P.S: There have been no changes made by the Exchanges, in this regards you cannot continue to retain the resident trading ccount. The resident trading account will have to be closed and a new non resident trading account will have to be opened.

Documents required to convert the existing resident trading and demat account to NRI Account:

Account Modification Form – To update the Bank details and Overseas address in the CDSL.

Copy of FEMA declaration

FATCA Declaration Form

Trading Closure Form for closing the resident trading account.

New Trading Application Form.

Notarized copies of self- attested PAN card, Indian Address Proof, Foreign address proof.

Copy of passport: In case of an Indian Passport: Notarised Copy of valid passport*with place of birth as India, Copy of Valid Visa; In case of Foreign Passport: Notarised Copy of Valid passport*, Copy of PIO/OCI card.

Proof of Bank account ( a cancelled cheque leaf of your NRO savings bank account).( Either Axis, Yes or HDFC Bank

Copy of PIS account / NRO-Investment account letter to map to the trading account(Axis, Yes or HDFC Bank)

For more help, email [email protected].

all the best for trading

Vivek Agarwal

Vivek Agarwal, Directeur des investissements et cofondateur @ Upwardly.in

Répondu il y a 39w · L'auteur dispose de réponses 727 et de vues de réponses 1.2m

NRIs can invest in Mutual Funds in India through a totally online process. Right from KYC to Fund Selection to Fund purchase and monitoring can be done online. You can explore the platform Upwardly: Invest in Best Mutual Funds Online

its a totally open and online platform where you can invest in the top performing funds from any Mutual Fund company totally online.

You can drop us an email at [email protected] or whatsapp us at +91 - 73377 40002

Srishti Mehra

Srishti Mehra, studied at Gyan Kendra Secondary School

Répondu il y a 39w · L'auteur dispose de réponses 378 et de vues de réponses 182.1k

There are the following series of steps to be taken up by the NRI client in order to invest in mutual funds

i. Register on the website and download the KYC form.

ii.Complete all the KYC formalities and submit the required documents with it.

iii.Complete your profile that you have created.

iv.Make payment through the online debit option available.

For more queries visit : NRI FAQ's ,Frequently Asked Questions

Anirudh Gupta

Anirudh Gupta, a vécu à Mascate, Oman (2007-2009)

Répondu il y a 39w · L'auteur dispose de réponses 2.2k et de vues de réponses 302.1k

It depends on which part of the world you are from.If you are not from US/Canada,by and large all geographies are open for investments in most products.You can write to us at [email protected].