Posts

Showing posts from February 17, 2008

FAQs related to NRI Investments in India

Who is NRI? A Non-Resident Indian is a citizen of India (holding a valid passport of Govt. of India) temporarily residing in the country of his/her present residence. He/she should not have applied or planning to apply in the near future for acquiring citizenship of his/her present country of residence or any other country. Can NRIs invest in Mutual Funds in India? Investments by NRIs in Mutual Funds can be made on a repatriable or on a non-repatriable basis, as preferred by the investor. Repatriable Basis To invest on a repatriable basis, you must have an NRE or FCNR Bank Account in India. The Reserve Bank of India (RBI) has granted a general permission to Mutual Funds to offer mutual fund schemes on repatriation basis, subject to the following conditions: The mutual fund should comply with the terms and conditions stipulated by SEBI. The amount representing investment should be received by inward remittance through normal banking channels,

Buy Mutual Fund Offline - Invest with Investorline

Invest with Investorline Investorline Investment Center To Invest Online Click here Important As per the new SEBI guidelines, all new purchases of mutual funds have to be supported by a copy of your PAN Card. If you have not submitted a copy of your PAN Card to Investorline , please do so now. We will not be able to process your purchase request without the same. Click here to know more. Seek advice from the experts Call us on 09213326572 , or email us at indiainsured@aol.com for assistance from our AMFI certified Relationship Managers. They will gladly assist you with all your investment requirements. Invest in 3 easy steps- Download the Common Application From of the fund house you are interested in and fill in your details against the specific fund you are interested in. If you are interested in making investments though SIP, please also download and fill the relevant SIP form. Attach a cheque of the amount you wish

Contact Us

You may direct all your Mutual Funds & Insurance related to queries and filled Application Forms (download Mutual Fund Scheme Application Forms & CAF) and with supporting documents at Rajesh Kumar Mutual Fund Advisor Investorline Services D-16/261, Sector-7, Rohini, New Delhi-110085 Phone- 9213326572 Email- indiainsured@aol.com Supporting Documents required along with Mutual Fund application Form- Cheque ( amount you wish to invest) / Demand Draft in the name of Mutual Fund Scheme (as mentioned in the Application Form) Self Attested copy of PAN Card Address Proof (Latest Telephone bill, Latest Electricity bill, Passport, Driving License, Latest Bank Passbook, Latest Bank Account Statement, Latest Demat, Account Statement, Voter Identity Card, Ration Card, Registered Lease/ Sale Agreement of Residence at) Identity Proof: PAN Card (Mandatory Requirement), Passport, Voter's Card, Driving License, UIN Card, Photo Ration Card, Photo Debit Card (Issued by Bank) KYC Verifica

SEBI's Circular on KYC / PAN

How to get KYC Compliant verification Letter? – Here’s the Way Check Your KYC/PAN compliant status online. Investorline Info-Center The SEBI circular: The SEBI (Securities & Exchange Board of India) who is the apex regulatory body for the capital markets, had issued a circular on 27th April 2007 and 25th June 2007 which specified the following guidelines / norms Effective from 2 July 2007, it is now mandatory to submit Copy of PAN (attested) or Copy of Acknowledged Form 49A (PAN Application Form) for anyone who is participating in securities market. The PAN will now be recognized as the “ sole identification for all transactions in securities market”, which includes mutual funds. This will apply to all investors, irrespective of amount of investment, including NRIs, Joint Holders and Guardians (in case of minors). Further, it would be applicable for any type of fresh investment / additional inve