All Arching Role Of The Banking Industry In Transforming The Face Of Nri Investments-gamelink

Finance It is easier to take a person to move out of India than to move the India within them Anon This is a sentiment that resonates in the hearts of scores of Non-Resident Indians that have set up base in various cities and towns around the world. There are quite a few traits that make Indians recognizable to each-other. However, there is one trait that holds true, irrespective of the region in India that they belong. Irrespective of whether they reside in India or overseas, every Indian is concerned with paying the least possible outgoing. This can be seen most clearly in the efforts that are devoted towards tax savings. The banking and investments industry has played an active role in churning out solutions that are devoted towards minimizing the amount that one pays in tax. Traditionally, NRIs used to be huge players in the realty and gold markets for investment purposes. These were considered to be a safer bet. The return on investments was higher than the options available. They had an element of tangibility baked into their ownership experience. Lastly, the value appreciation upon resale was among the highest in the market. But their shine has been wearing thin in recent times. The opening up of the stock market and the relative ease with which NRIs can trade in shares could be attributed with these developments. And while NRIs are yet not permitted to indulge in day trading and other activities, other forms of trading activities are still open. Direct Investments in the Indian stock markets is open to NRIs. But this is subject to them meeting three main pre-conditions: 1.A NRO/NRE account must be opened with a registered bank 2.A DEMAT account also needs to be opened for buying and selling of shares through the electronic route and 3.Approval under the Portfolio Investment Scheme (PIS) NRI banking services usually include a high level of assistance in the documentation and other formalities that are required before one can start trading in individual stocks. Some also provide guidance on the stock purchases as there are certain restrictions on the type and category of stocks that can be purchased. Mutual fund investments are another great opportunity for NRIs. The norms governing them are slightly more relaxed than those for direct investments in the share market. In-addition to this, mutual funds tend to be professionally managed by a team of experts who are well-versed with the various developments in the industry. Exchange Traded Funds or ETFs can be described as an investment option that merges the qualities of both, individual stock trading as well as mutual fund investments. They are excellent in diversifying the risks involved in stock market trading. They work on the principle that it is preferable to buy an ETF based on the performance of the sector rather than purchasing the individual stocks themselves. At the end of the day, NRI investments, just like every other investment opportunity are a matter of personal goals and targets. With each individual having their own priorities, there is no one solution to suit the needs of everyone. The growing usage of internet enabled cell-phones and tablets, more and more people are starting to use online banking facilities to manage their investments. As the global banking industry develops and matures, it is expected that there shall be an even greater involvement in the growth stories of NRIs for decades to .e. About the Author: 相关的主题文章: