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The ever growing economy, with robust growth & well diversified industry, India seems to be a desired destination for NRI’s. It is assumed that Indian external sector performance will continue to be good, thus one needs to look at the outsourcing revolutions that is taking place across the globe, in not only the services but also the manufacturing and research sectors. On the investment side, moderate rules and better and well regulated markets, with looking at investors sentiments which are drawing in capital to fund india’s growth.

It has always been our endeavor to serve the NRI Community's growing needs as investors. We have tried to create an exclusive section called 'NRI Centre' for your mutual fund information and investment needs so that you do not miss out an opportunity to invest in the Indian markets.
Make the most of the attractive investment opportunities in India. But before you do that know all that you need to know about investing. Here are a few answers to some fundamental questions that you might have in your mind. Keep it handy for reference.
Please make note of these simple yet important aspects that will not only save your time and effort but also make investing easier.

 
Who is an NRI?

Any person holding Indian passport who has left India for an indefinite period for the following purposes:

  • Employment
  • Business
  • Any other purpose

For tax purposes 182 days period is a cut off mark Students going abroad for education is also considered an NRI

 
Person of Indian Origin
It is eligible for the Indians who hold a foreign passport living abroad till the fourth generation. The PIO Card holder would be exempt from registration if his stay in India does not exceed 180 days.
 
Overseas Citizen of India
A foreign national, who was eligible to become citizen of India on 26.01.1950 or was a citizen of India on or at anytime after 26.01.1950 or belonged to a territory that became part of India after 15.08.1947 and his/her children and grand children, provided his/her country of citizenship allows dual citizenship in some form or other under the local laws, is eligible for registration as Overseas Citizen of India (OCI). Minor children of such person are also eligible for OCI. However, if the applicant had ever been a citizen of Pakistan or Bangladesh, he/she will not be eligible for OCI.