I am an NRI looking to invest in mutual funds on installment basis for a few years. Please advice.

Published on: Jan 20, 2012, Last updated on: Jan 20, 2012

Categories: Investment Instruments, Direct Investment, Functional Areas, Source: Premium Knowledge Partner

Answered by: Kotak Mahindra Bank

As an NRI, you can invest in mutual funds either on repatriation or non-repatriation basis based on your source of income. Since, you want to invest on installment basis, it would be advisable to consider SIP (Systematic Investment Plan) in Mutual Funds as per your risk appetite, time horizon and investment goal. In order to invest in Mutual Fund, KYC from CVL is mandatory along with bank account and investment account. If you are looking for medium to long term investment then investment in diversified equity funds is recommended. In order to open an NRI account online, you can fill the details in the below mentioned link as https://www.kotak.com/kotaknri/?q=lead-form/2&ptr=Net and provide funding for the same. To know more, please feel free to write to kotaknriservices@kotak.com. We are premium knowledge partners of OIFC and the 4th largest private sector bank in India. We thank you for choosing us and have a host of banking products for NRI's to choose from.

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