Welcome to India's growth story

Are you an NRI? Looking to invest in India, you are at the right place.

Why Choose EzeeHouse

With EzeeHouse, investing in Mutual funds is Easy, Paperless & 100% Safe.

Paperless

Paperless system

24/7 online access

Invest anytime, anywhere

Safety first

Bank grade security

BSE transaction platform

FATCA compliant

Trusted personalized advice

Team of experienced advisors

Guidance by SEBI registered advisors

Invest in Indian Mutual Funds

Comparison:- Indian Markets Vs Global Markets

Reasons to Invest in Mutual Funds in India

Fastest Growing Economy

  • World Bank: India to be the world's fastest-growing major economy for the next three years
  • India Set to Overtake Japan as No. 3 Economy By 2030: HSBC estimates

Tax

Benefit

  • Long term capital gains over Rs 1 lakh is taxed at 10% and short term capital gain is taxed at 15%, making mutual funds a much better option compared to other heavily-taxed investment avenues.

Strong

Back-up

  • For NRIs contemplating moving back to India, mutual fund investments create a strong financial back-up on your return.

Demographic Dividend: Advantage India

  • India is one of the fastest growing consumer market with ever growing middle class
  • Rising income also adds to consumption and demand for goods and services

Mutual Fund - FAQs for NRIs

1. Can NRIs invest in mutual funds in India?

Yes, NRIs certainly can invest in mutual funds in India as long as they follow the guidelines of Foreign Exchange Management Act (FEMA). Mutual funds in India give you diversified portfolio with the right mix of debt and equity. For risk averse investors debt funds offer much higher interest rates. You can invest in equity, debt and balanced funds.

2. What are the benefits for NRIs investing in mutual funds?

a. Easily manage mutual funds online from anywhere

With investing online, you can now easily track and manage your mutual fund portfolio from comfort of your home anywhere in the world. Mutual fund investors can now buy, redeem, switch, do systematic withdrawals or transfers online. You do not need to be physically present, or give cheques and DDs, physical forms or be in the same country! You regularly get account statements via email. AMC (Asset Management Companies) will also regularly send portfolio online to keep investors informed.

b. Higher returns from rupee depreciation

Due to the interest rate differential, dollar appreciating against emerging country currencies, you will see rupee depreciation. NRIs can get double benefits if they invest in mutual funds in India. While investing in Equities they benefit from rupee depreciation provided the investment is not repatriable

3. What is the process for NRIs to invest in India?

In India AMCs cannot accept investments in foreign currency. Hence, investor first needs to open an NRO, NRE or FCNR account with a bank and then proceed with the investments in the following manner.

a. Do it yourself

You can transfer funds yourself from your bank account through net banking after completing your KYC. Documents which need to be submitted for KYC are PAN card, passport, residence proof (aboard) and bank statement. You also have to indicate whether the investment is repatriable or non repatriable.

b. Via Power of Attorney

You can appoint another person via a power of attorney (PoA) to invest on your behalf. Most AMCs allow PoA holders to make investment and take investment decisions. But for KYC, documents of both the investor and the PoA are a must.

4. Mutual fund regulations for NRIs

What are the regulations for NRIs to invest in mutual funds?

a. Complete your KYC

In order to complete KYC, an NRI has to submit copy of passport - pages which have name, DOB, photo and address. You have to give current address proof (where you are currently residing). Some mutual fund houses may also ask for In-Person verification.

b. FIRC (Remittance Certificate)

When you have made a transfer through cheque or DD you have to provide an FIRC certificate. In case, this is not available, then a letter from your bank would be sufficient. This is required to confirm the source of funds.

c. Redemption (proceeds from mutual fund investment sales)

The mutual fund house will deposit the sales proceeds (original investment + profit/loss) after you have sold off investments post deducting the requisite taxes. They can either give cheque or credit your NRO/NRE account directly. If the investment was non repatriable then proceeds will go to your NRO account.

5. NRI Mutual Fund Investors Tax Implications

What are regulations for NRIs to invest in mutual funds?

NRI investors are afraid that they might have to pay double tax when investing in India. There is nothing to fear if your country has Double Taxation Avoidance Treaty (DTAA). For example India and the USA have signed this treaty which means if you have already paid tax in India you will not be taxed again in USA.

6. Top Mutual Fund Houses which accepts NRI investments

Which are top mutual funds which accept investments from NRIs?

1. SBI Mutual Fund

2. Birla Sun Life Mutual Fund

3. ICICI Prudential Mutual Fund

4. UTI Mutual Fund

5. HDFC Mutual Fund

6. Sundaram Mutual Fund

7. DHFL Pramerica Mutual Fund

8. PPFAS Mutual Fund

9. L&T Mutual Fund

7. What is FATCA and are the Mutual funds FATCA compliant?

FATCA (Foreign Account Tax Compliance Act) is a US government tax policy to which India is also a signatory. As per this act, Indian Mutual Funds are required to report investment transactions of US Persons and Entities to the US government. Due to this, all Indian Investors including NRIs are required to declare FATCA details at the time of their investments to the Mutual Fund houses.

What some of our Investors have to say

Happy to recommend EzeeHouse!....

I recently used EzeeHouse for Mutual fund Investments. The UI is clean and simple and makes it very easy for first time investors. I have already recommend EzeeHouse to family & friends.

- Mr Sunil , Construction

Very pleasant to deal with and helpful....

I love using EzeeHouse, It's safe and reliable and totally FREE! With proactive customer friendly team. Good Job EzeeHouse.

- Mr Ramesh , Financial

Easy to invest and a very professional....

EzeeHouse offers excellent transparent platform for MF Investing. Anytime I had a query, the customer service team has been very helpful and courteous.

- Mr Mohan , Business