Easy ways for NRI's to Invest in Stock Markets.

 


Non-Resident Indians who are keen to invest in the Indian stock markets can now get it done seamlessly. There are few ways by which they can handle the procedure and paperwork essential for the same.

These efficient ways allow NRIs to make their investment in the stock markets of India efficiently. In this article, We've shared some effective ideas for NRI investment in India.

Make use of a Mandate Holder

If you opt for portfolio investment services Investment, Then having a mandate holder is the best assistant to operate the NRE accounts. All the NRI investors can seek to appoint a mandate holder to take care of their wealth.

The respective appointment is to be signed by obtaining the form from the bank. KYC documents are a must to verify the credentials of NRI. The mandate holder will also sign the form for proceeding with the registration process.

Now, the mandate holders can issue cheques, draw cheques, handle payments, and use the cards on behalf of NRI. There are banks and financial institutions that are offering such services to the NRIs. Even though the mandates handle the transactions, NRIs can set a debit limit on the account to ensure peace of mind.

Issue Power of Attorney to the Authorized Person


It might be difficult for NRIs to keep track of the market movements and individual money. Therefore, giving the POA to the holders can lead to better decision-making. After you have signed a power of attorney, a copy of the POA is to be submitted to the fund house by the POA holder.

With the signature and consent of the NRI and holder, the POA will be processed. From then onwards, every transaction will be processed on verification of the POA’s signature. NRIs can also make their Indian resident family members their nominee.

Online Investment Portals

When it is about investment, not all NRIs are comfortable handing over the authority to someone else. Even though the banks or financial institutions are trusted and registered, they still want to handle the investments on their own.


Therefore, it is also possible for them to carry out transactions through online trading portals. There are many broker trading portals available over online platforms, especially for NRI investors. For NRI investment in India, one can do the registration for trading accounts with brokers and go ahead with managing their investments from the portal. 

For investing through online portals, the NRIs need to note the time zones to ensure smooth transactions without much hassle.

These are a few of the ways using which the NRIs can invest in the Indian Stock Market. But they need to get in touch with the professionals to understand the important considerations and tax liabilities to make the process more seamless and smooth.


So, if you are an NRI and are looking for ways to invest in Indian Securities or Stock Market; Reach out to the respective banks or financial institutions such as SBM Banking services, that can help you with appropriate NRI investment solutions.

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