NRI Corner
Your Gateway to Smart Investing in India
At VinSmart, we understand that as a Non-Resident Indian (NRI), your financial goals come with unique challenges — from regulatory compliance to taxation and repatriation. Our personalized wealth solutions are designed to simplify your investment journey in India while helping you grow and manage your wealth effectively.
Why NRIs Choose Us
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Seamless onboarding and KYC process
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Tax-efficient investment strategies
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Expert guidance across mutual funds, PMS, AIFs, and more
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End-to-end support with compliance, tracking, and reporting
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Transparent processes with personalized advisory
Mutual Fund Taxation for NRIs
Long-Term Capital Gains (LTCG)
- Applicable for units held over 1 year
- Taxed at 12.5% on gains above ₹1.25 lakh per financial year
- Gains up to ₹1.25 lakh are exempt
Short-Term Capital Gains (STCG)
- Applicable for units held less than 1 year
- Taxed at 20%
Minimum Investment Thresholds
- Mutual Funds – No specific minimum (varies by fund)
- Portfolio Management Services (PMS) – ₹50 lakhs
- Alternative Investment Funds (AIFs) – ₹1 crore
Documents Required for NRI Investments
- PAN Card
- Passport with valid visa/residency permit
- Overseas address proof
- NRE/NRO bank account details
- FATCA declaration
“Do not save what is left after spending, but spend what is left after saving.”
– Warren Buffett
NRE Account
Non-Resident External
Account
Purpose: To park overseas income in India
Currency: Indian Rupees (INR)
Repatriation: Fully repatriable (principal + interest)
Taxation: Tax-free interest in India
Ideal for:
- Investing in mutual funds, stocks, PMS, and AIFs on a repatriable basis
- Sending foreign income to India
NRO Account
Non-Resident Ordinary
Account
Purpose: To manage income earned in India (like rent, dividends, pension, etc.)
Currency: Indian Rupees (INR)
Repatriation: Funds can be repatriated, subject to submission of necessary documentation
Taxation: Interest is taxable in India
Ideal for:
- Investing on a non-repatriable basis
- Managing Indian income
FCNR Account
Foreign Currency Non-Resident Bank Account
Purpose: Fixed deposit account for NRIs in foreign currency
Currency: Major foreign currencies (USD, GBP, EUR, etc.)
Repatriation: Fully repatriable
Taxation: Interest is tax-free in India
Ideal for:
- Investors looking to avoid currency risk
- Saving in home country currency while earning Indian interest rates
Repatriation Support
We help facilitate smooth repatriation of investment proceeds (subject to FEMA guidelines), ensuring hassle-free transfer of funds across borders.
Ready to Invest?
Let our wealth advisors assist you in building a tax-efficient, diversified portfolio tailored to your life abroad and goals back home.
Who is a Person of Indian Origin (PIO)?
A Person of Indian Origin means a citizen of any country (other than Bangladesh or Pakistan), if the person: (a) at any time held an Indian passport; or (b) or the persons parents or grandparents were citizens of India; or (c) is a spouse of an Indian citizen, or of a person referred to in (a) or (b) above.
Who is a Foreign Institutional Investor (FII)?
An FII is an institution established or incorporated outside India which proposes to invest in Indian securities and is registered with SEBI.
Who is an Overseas Corporate Body (OCB) ?
An OCB includes overseas companies, partnership firms, societies and other corporate bodies owned predominantly by non-resident persons of Indian nationality or origin outside India.
Can an NRI Maintain a Bank Account in India?
Yes. NRIs can maintain accounts in rupees as well as in foreign currency.