NRI Services

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Welcome to IIAF NRI Services
As all we are aware that India is one of the fastest growing economies and is a lucrative investment destination. The country has undergone a paradigm shift. There have been several encouraging developments in the economy and government policies, thereby improving outlook on business and industry.

To help you reap the benefits of India’s growth story, we offer diversified investment opportunities to suit your risk appetite and future needs.

Over the past decade or two, more NRIs are looking to invest their funds in India in different asset classes. For investing a larger sum, they tend to look at real estate. Some of the other popular investment options include equity markets & mutual funds. India has many good NRI investment options. However, the main question is, which are the good ones? The answer is very simple – it’s Mutual Fund & PMS . When it comes to investing in Indian mutual funds, there are no major constraints for NRIs. Moreover, prior approval from the RBI is also not required by the NRI investors to invest in mutual funds. Further, money invested in India through NRE account by a NRI can be easily repatriated. NRIs need to fulfill similar KYC (Know Your Customer) requirements as Indian citizens. However, the US and Canada citizens need to fulfill additional compliance requirements.

Indian Invest Advisory Forum comprehensive array of Financial services for Non-Resident Indians and Persons of Indian Origin. From Deposits to Investments in Mutual Funds, Insurance or Portfolio Management Services;
We offer 360° NRI query solutions under one roof.

A NRE/NRO savings bank account is the basic requirement for NRI’s to invest in India. There are two types of income sources for NRIs:
Income from India: Non-Resident Ordinary (NRO)
Income out of India: Non-Resident External (NRE)
NRIs can have the following two types of bank accounts from where they can make investments in India:

1) Non-Resident Ordinary (NRO) Bank account
NRO savings account is where you manage your income earned in India. If you are not having any income source in India there is no need to open NRO bank account in India. Funds in NRO account can be repatriated, up to USD one million per financial year, for all bonafide purposes. However, if your status is changes from Resident Indian to Non-Resident Indian, we suggest you to change your status and convert your status in all your existing bank/demat/mutual fund accounts from resident to NRO category. You can make investment in below products from NRO income source:
Primark market transaction – IPO/FPO/Rights:
Mutual fund investments
Secondary market transaction – Trades in SEBI registered stock exchanges in India
Portfolio management services (PMS)
Derivative trading – Futures and Options with Custodian Participant (CP)*code
Bonds
Alternative Investment Funds (AIF)
*What is Custodian Participant (CP) code?

An NRI, who wishes to trade in the F&O segment of the exchange, is required to approach the exchange through a clearing member, through whom the NRI would like to clear his trades for allotment of custodial participant (CP) code. Clearing corporation would assign a CP code to each NRI, based on the application received from the clearing member of the NRI.

2) Non-Resident External (NRE) Bank account
NRE account is a savings account maintained in Indian Rupees, where you can remit your foreign income earned outside India. Interest earned is not taxable in India. Funds in NRE account are fully & freely repatriable.

You can make investment in below products from NRE income source
Primark market transaction – IPO/FPO/Rights
Mutual fund investments
Portfolio management services (PMS)
Bonds
Alternative Investment Funds (AIF)
Secondary market transaction – Trades in SEBI registered stock exchanges with PIS Bank Account in India

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