Mutual Fund Online Investment-complete guide for NRI Investment

Full procedure for NRI Investment and redemption of their Investment.

Procedure for the NRI’s to invest in the Indian Mutual Fund market..

Below is the step by step process of how an NRI can invest in the Indian mutual fund market. Here again Godmind had put in 5 step process for investment.

Step 1

Get an application form of the fund you want to invest. (You can e-mail us your ‘e-mai address’ or your mailing address for a copy to be mailed to you).

Step2

Complete the application form and make the payment for the amount you wish to invest using:

NRE account Cheque

NRO account Cheque (investment on non-repatriation basis)

FCNR account Cheque

A Rupee draft purchased abroad

A Dollar / Pound Sterling / Deutschemark / Yen draft purchased abroad

Step3

Mail the completed application form and Cheque /draft to Godmind Mutual Fund Advisory Services.

Step4
Units of the fund indicated by you will be allotted on the date of receipt of your application at our office at the applicable NAV-based price for that day. If the mode of payment is through a foreign currency draft, the allotment shall be made based on the date of realization.

Step5
An Account Statement will be mailed by the AMC within 3 working days of processing your request

Brief Introduction

The hassel and paper work of an NRI Investing in capital Market have been eliminated by mutual funds. As the criteria of Investing into Mutual Fund is simple and easy. You dont need Demat account like stocks. What you need is a bank account. Moreover the returns mutual fund is generating for its investors are again very promising.

With professional management and low risk mutual funds is fast becoming a favoraite among NRI Investors.

All non-resident Indians can contact Godmind Advisors for Investment purpose or Advisory purpose. Dont delay the decision of investing your earnings simply because of lack of knowledge. Take Investment decisions comfortably with support of Godmind Advisors.

Complete Guide to NRI Investments and withdrawl process.

How can Non resident Indians (NRIs) withdraw / redeem his investments?

Following is a step by step by step process by which NRI withdraw / redeem his investments: -

Step1

You can redeem all or part of the amount in your account by signing on the tear-off portion of the account statement and sending it directly to the AMC through post or through Godmind Mutual Fund Advisory Services.

Step2

The redemption request will be processed at the applicable NAV based price. Redemption proceeds will be paid by a payable at par Cheque and payments will be made in favor of the first unit holder and the bank account number shall be mentioned on the Cheque as well. The redemption proceeds will be net of tax deduction at source on the profits.

Redemption proceeds/repurchase price and/or dividend or income earned (if any) will be payable in Indian Rupees only. The Scheme will not be liable for any loss on account of exchange fluctuations, while converting the rupee amount in US Dollar or any other currency.

Repatriation of sale proceeds and dividend

Repatriation of sale proceeds/ dividend can be made based on an undertaking by the remitter and a Chartered Accountant certificate with respect to tax compliance.