Dividend.No dividend distribution tax on equity oriented schemes (schemes that have invested more than 50% of their total proceeds into the equity markets). Dividend Distribution Tax (Levied on Debt Funds)Mutual fund pays a distribution tax of 14.16% (14.16% + 2.5% surcharge*) directly to the government on dividends from fixed income funds. Long-Term Capital Gains Tax.If … Continue reading »

Non Resident Indians are required to comply with following guidelines to invest in Indian Mutual Funds. Non-Resident Indians – If you are investing the money from your bank account outside India, or have a Non Resident External (NRE) account or a Foreign Currency Non Resident (FCNR) account in an Indian bank: Obtain an offer document … Continue reading »

Non-Resident Indians (NRI) are increasing parking their money into Indian Markets. The reasons for their parking of funds are widely known. The home country provides a diversification tool to their portfolio as well as provide a much needed relief, in case the foreign country decides, out of the blue to send back all the immigrants. … Continue reading »