More and more NRIs (Non Resident Indians) and PIOs (Person of Indian Origins) are investing in India. Government of India has also made it easy for NRIs and PIOs to invest in India.

As per a report published by McKinsey, over 23 million Indians more than the population of Australia will number among the country's wealthiest citizens by 2025. India, the largest democracy and a booming economy has a robust GDP growth, and offers a great opportunity in equity as well as debt market. In yet another study done by International Research Journal of Finance and Economics, it has been found that the correlation of BSE with BVSP (Brazil), MXX (Mexico), FTSE100 (UK), DJIA (USA) and NASDAQ (USA) is low. Thus BSE offers attractive portfolio diversification opportunity for the investors of other countries. The debt market in India still offer better rate than its peers.

It has been observed that most of the NRIs do not have a permanent financial planner in India. We at Fincun offer comprehensive financial planning for NRIs (Non Resident Indians). Based on the financial goals and risk profile, we guide our clients on optimal asset allocation, and the best financial products available in the market. And since we do not charge any commission or payback from the companies, our clients are assured of the best possible and unbiased recommendations. Our financial planning services include the following:

• Understanding your Current Financial position
• Identifying Financial Goals
• Cash Flow Statement
• Net Worth Statement
• Drafting a roadmap to achieve the desired Goals
• Asset Allocation (Equity / Fixed Income / Bullion / Property etc)
• Investment Planning
• Action Plan to meet Retirement / Living Expenses
• Action Plan to meet Children Education / Marriage Expenses
• Action Plan for Life Insurance needs
• Taxation Guidance
• Succession Planning (Drafting your WILL)
• Research on the suitable products
• Recommending such products
• Follow up

Not only that, Fincun offers a unique online platform, where you can keep a record of your finances online. This includes:

• Income
• Investments
• Assets
• Liabilities
• Expenses
• Taxes
• Insurances
• Retirement Plan
• Reminders

So what are you waiting for ? Call us Now or write to us at www.fincun.in

The new government at the Centre has led to a revival in investment sentiments in India. Both retail and institutional investors have started putting in money in financial assets. With the general perception favoring India the non-resident Indians (NRIs) are looking to gain from the strong investment scenario.

While there is no restriction on the asset classes that NRIs can invest in, there are some restrictions with regard to repatriation of money, or in the way the money can be remitted abroad.

Debt Investment

NRIs can invest in either a non resident ordinary (NRO) fixed deposit or non-resident external (NRE) fixed deposit.

NRIs can also invest in foreign currency non-resident (FCNR) deposits, where the investment is in foreign currencies such as the dollar, yen, pound and euro. These are only term deposits and the interest is linked to the London Interbank Offered Rate for that particular currency.

NRIs can also invest in government securities and bonds, non-convertible debentures issued by companies and company-fixed deposits.

Investment in debt also looks attractive to lock-in money at higher rates for the medium term.The debt instruments that are off-limits for NRIs are Public Provident Fund and National Savings Certificates issued by post offices.

Equity Investment

NRIs can invest in direct equities through the portfolio investment scheme (PIS) or equity mutual funds. The condition for direct equity investments is it cannot exceed 10 per cent of paid-up capital of private companies and 20 per cent for public sector companies.

Real Estate

There is no restriction on the residential or commercial properties NRIs can invest in. But they cannot invest in agricultural land, farm house and plantations in India.

Currently, there is a revival of sentiment in the real estate sector on expectation that the economy will improve. And, real estate is heavily dependent on sentiment. While NRIs can buy and sell property without any problem, when it comes to repatriating the money, there are restrictions.

Taxation

The taxation rules for an NRI for different asset classes is the same as residents, except for the following differences:

Equities

• Long-term capital gains are tax-free;
• Short-term capital gains are taxed at 15 per cent;
• In the case of long-term capital gains arising on shares and debentures (unlisted), they are not allowed the benefit of indexing the cost of acquisition;

Mutual Funds

• Long-term capital gains on equity funds is exempt;
• Short-term capital gains on equity funds is taxed at 15 per cent;
• Long-term capital gains on debt funds (10 per cent without indexation and 20 per cent with indexation), whichever is lower;
• Short-term capital gains on debt funds, according to the slab rates;

Bank FDs, real estate transactions and gold are taxed in the same way as for residents.