NRI Investing
NRI investing is a viable option for NRIs. It is also a great way to invest in the stock market and earn wealth in the long term.
NRIs are welcome to open accounts with Maxgive Investment. As an NRI customer, you need to have an NRE or an NRO account with a bank in India before you can start investing. Note that if you wish to trade in the Derivative segment you will need an NRO account.
If the NRI is not in India at the time of account opening, all photocopies of the KYC documents/proofs and PAN card will have to be attested by the Indian Embassy / Consulate General / Notary Public / Any Court /Magistrate / Judge / Local Banker in the country where the NRI resides.
However, if the person is in India at the time of account opening, these documents can be self-attested. The NRI will have to provide proof of his being in India by submitting a photocopy of the passport page showing the stamp by the immigration authorities at the time of his arrival in India.
As an NRI, one may be thinking of the best investment in India.
Have you thought about the best brokerage to help you? In Maxgive Investment, with expanded knowledge and years of professional experience, you will not find a better way to issue your funds.
Whether you want to know about the stocks for options trading or wish to open a Demat account, Maxgive Investment is the place to go.
Q- What is the documentation required to Invest in Indian Mutual Funds for NRI Investors?
In India, the following papers are needed to invest in mutual funds: Card Copy for Pan Copy of Passport (Front and Back page) Indian or foreign address verification (For ex: if passport has foreign address then provide Indian Address proof) Bank Evidence (cancelled cheque or latest bank Statement from NRE or NRO Account) Certificates of Person of Indian Origin (PIO) or Overseas Citizen of India (OCI). Only investors who are not Indian citizens are needed to do this. Simply submit these files, and we'll take care of the rest.
Q- How can NRIs start investing in Indian Mutual Funds?
We can assist you in setting up your Scripbox account so that you can invest in Indian mutual funds if you have a valid PAN Card and an NRE/NRO account. If processing your KYC (Know Your Customer) is necessary, we can assist you completely online and at no cost.