Yes. NRIs are permitted to invest their funds in Government securities or Units of UTI through authorized dealers. Units can also be purchased directly from UTI.

NRIs are permitted to make direct investments in proprietary/partnership concerns in India as also in shares/debentures of Indian companies. They are also permitted to make portfolio investments i.e. purchase of shares/debentures of Indian companies through stock exchanges in India. These facilities are granted both on repatriation and non-repatriation basis

Yes, NRIs can invest in mutual fund schemes. 

No

No. All investments have to be in Indian Rupees. A convenient way to invest would be through your NRE account.

Yes. Specific approval has to be taken from RBI. However, most of the AMCs have taken the permission for NRI investments in their schemes; hence no permission is required for investing in the schemes of those AMCs. Only OCBs and FIIs require prior approvals before investing in our sch

You can opt to receive daily NAVs, weekly performances and other subscription services over e-mail. NAVs of all schemes are updated on AMFI web site every day. In addition, you will receive quarterly newsletters from the asset management companies too. 

Yes.

If the investment is made on a repatriation basis, the net income or capital gains (after tax) arising out of investment are eligible for repatriation subject to some compliance.

If the investment is made on a non-repatriation basis, only the net income, that is, dividend (after tax), arising out of investment is eligible for repatriation.

The redemption proceeds will be paid by means of a rupee cheque payable to the NRE account of the investor, or else by a US dollar draft drawn at the then current rates of exchange subject to RBI procedures, where investments have been made on a repatriation basis.

Where investments have been made on non-repatriation basis, redemption proceeds will be paid by means of a rupee cheque payable to the investor's NRO account.

Accompanying the redemption proceeds is an updated account statement, a TDS certificate and a covering letter that mentions whether the funds were invested out of NRE/FCNR/NRO accounts. The tax on capital gain is deducted after taking into consideration indexation benefits wherever applicable.

Yes, in case units are held for more than twelve months.

Under the Portfolio Investment Scheme, NRIs are permitted to acquire shares /debentures of Indian companies or units of domestic mutual funds through stock exchanges in India.

RBI has authorized a few branches of each bank to conduct business under Portfolio Investment Scheme on behalf of NRIs . These are the main branches of major commercial banks located close to stock exchanges. NRIs are to route their applications through any of the designated bank branches that have authorization from the RBI.

No. Each NRI has to select one branch for investment on repatriation/non-repatriation. Is it necessary to have a bank account with the designated branch through

Preferably yes for administrative convenience.

There is an overall ceiling of 5% of paid- up equity share capital of the company/paid-up value of each series of convertible debentures for purchase by NRIs /OCBs. The overall ceiling can be raised to 30% if the company concerned passes a special resolution to that effect in its general body meeting and a board resolution. Individually, NRIs/OCBs can make investment upto 1% of the paid-up equity share capital/each series of convertible debentures. However, there is no ceiling on investment in domestic mutual funds.

File a declaration in form IPI 7 with the central office of RBI within a period of 90 days from the date of purchase of immovable property or final payment of purchase consideration along with a certified copy of the document evidencing the transaction and bank certificate regarding the consideration paid.

Where the property is purchased by another foreign citizen of Indian origin, funds towards the purchase consideration should either be remitted to India or paid out of balances in NRE/FCNR accounts

Yes. Repatriation of original investment in respect of property purchased by foreign citizens of Indian origin on or after 26th May 1993 will be allowed to be remitted up to the consideration amount originally remitted from abroad provided the property is sold after a period of three years from the date of the final purchase deed or from the date of payment of final installment of consideration amount, whichever is later. Applications for the purpose are to be made to RBI within 90 days of the sale of property in form IPI 8.

RBI has granted general permission to certain financial institutions providing housing finance e.g. HDFC, LIC Housing Finance Ltd among others to grant housing loans to NRIs for acquisition of houses/flats for self-occupation subject to certain conditions.