(a) Through the Portfolio Investment Scheme.
(b) Through government securities, certificates and units of UTI through remittances from their domestic accounts or remittances from abroad.
NRIs need a certain type of account to make payments in India they are NRE account (non resident external rupee account), NRO account (non resident ordinary rupee account) and an FCNR account (Foreign currency non resident account).
Being a NRI has other NRI benefits also as there is a 24% scheme. This is where Indian companies, except those engaged in agricultural activities, can issue up to 24% of their shares and debentures to NRIs.
Also there is 40% scheme which allows or purchase of equity, preference shares and convertible debentures not exceeding 51% of the face value of each issue. Repatriation of up to 40% of the new issue is allowed. Under this scheme, NRIs can invest in new projects or in expansion and diversification projects of existing companies.
NRIs can also invest in Bank deposits, Secondary markets through portfolio investment in equity market share, new issue share/convertible debentures, non convertible debentures, mutual funds and bonds provided the amount is invested out of an NRI accounts, proprietary and partnership concern in India and investments in immovable property provided that the amount is not invested in the purchase of agricultural land and payment is made thought exiting NRI accounts.
NRIs have a window of opportunity to invest in Indian markets and take advantage of this situation. We provide a one stop shop and guide Non Residents to invest in India- both financial and real estate. We are able to bring to you the best available investment options for Non Residents in a transparent and process oriented manner.
At Right Horizons we operate with great transparency and provide clients with periodic updates. Online access will track your investments on a regular basis independently. We have a significant portion of our customers as non residents and they appreciate our planned and derisked investment methodology.
We help NRIs by providing wealth management solutions such as Analysis your needs, designing a Portfolio to suit your needs and risk profile; while ensuring tax efficiency, we keep in mind the regulatory framework and also factors like repatriation of investments and tracking and providing customized alerts to rebalance your portfolio to manage risk.
The objective is to create a well diversified portfolio that provides you with consistent long term returns. We have options of both pure Consulting and brokerage models. |