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Hello Fellow NRI's I am an NRI, my surplus every month is not fixed and varies significantly. Can you please share your experience on - 1. Is it a good idea to park x amount of money in the NRE account and than direct SIP every month? Or is it better I go for STP type of investment...

Hi Joby... Yes at-par is I think what he said to me. I have aldready sent them normal cheque and asked them to set up direct debit from my bank. I have sent the docs to mumbai branch and my bank is in Delhi.... In a weeks' time I will come to know if it will work or not.... I am using...

Thanks for confirming this to me

Hi Guys today when I called Birla Sun Life they said I need to send one particular type of cheque only. I didn't catch very well about the type of the cheque coz of his accent. The cheque book that I have is a normal NRE cheque book that SBI has issued to me. It has my name, banks address...

Well Birla Sun Life suggested that I get it attested from the bank. But the problem is even my bank is too far from where i live.... :confused:

Buzz my opinion is based on my experince living both in India and abroad. I didn't assume. :)

Thank you for this information. I have one questions:You said self attested PAN Card. You really mean self-attested? I am asking this becuase when I spoke to Birla Sun Life contact centre employee named Amit (supervisor), he suggested that I have to get the PAN attested from the Indian...

Yes NRI's can... corruption and frauds are everywhere, but the nature and the degree may differ from country to country Let me ask? You provide me a single country's example where such things happen and you see such loop holes for citizens who are living outside of country? What do you mean?

Since I have KYC acknowledgement letter, do I need to send AMC’s attested copy of my Pan Card and address proof with the application form and KYC acknowledgement? OR only KYC acknowledgement and the application form? Thanks H

Just wanted to add few more points Besdies the banks you mentioned, SBI too doesn't allow online trading coz they are not SEC complaint or in other words they are not registered with SEC. However where online trading is not allowed, offline trading is possible. For example, SBI Securities...

Yes, Buzz... Yodlee is correct. Just wanted add few points which I thought might be relevant for others... 1. The other day when I called up www.cvlindia.com, I was told that KYC will be made mandatory for any investment amount (right not KYC is needed only when the income is more than Rs...

Excellent information.... this is what I was looking for, but untill your reply I didn't get this information. I think STP will make more sense for me... with high variability and too often the variability...... Birla Suna Life has this iSIP thing, which looks pretty interesting.... I...

Thanks buddy, but I think you got be all wrong. I didn't mean stp's full form is short term but the idea behind it, in context to short term tax. Lol, it is funny though how we can interprete the same thing in a different way. But may be it is my fault, I should have rephrased my sentence. I...

But the very logic of STP means short term, isn't it? for example, I deposit Rs 1,00,000 in a debt fund with Rs, 10,000 coming out of it every month for SIP in equity fund with the same AMC. So I am selling every month Rs 10,000 worth assets in the fund.... do you understand what I am trying...

Hey Yodley Thanks for this. No, I don't think my income will be over 1.6 lakh. But my taxation concern was related to this table below Short Term (Less thean one Year) Capital Gains Tax NRI Equity schemes 17% (15% Tax + 10% Surcharge + 3% Cess) Debt schemes 33.99% (30% Tax + 10%...

But if I have STP from a debt fund to equity fund.... the tax is too high for NRI's, isn't it? and also it will be short-term tax..... on the debt fund.... isn't it? I have four in mind Yodlee to start with. I got these from Mint50's (http://www.livemint.com/sectionpages...aspx?NavId=127)...

Hello all 1. Is it a good idea to invest in two or more funds with 1 AMC, for example, one large and one small/mid cap fund? OR Invest with different AMC's? 2. Can someone give me some critical feedbacks on the four funds mentioned below? I got this from Mint50's...

Thank you Yodlee. I understand what you means. My problem is "variable surplus amount", what I mean by this is that one month I can send Rs 10,000 and the next month in could be 2 lacs. The variability is too high and too often and I really want to take the advantage of SIP. So far what I...

Thank you Yodlee. So the AMC's normally inform.. that is good. Is it possible to increase or decrease the SIP amount too... or it stays fixed for the term mentioned in the form?

The SIP forms of AMC's tend to have start and end month. My Questions: 1. What if I wish to carry on the monthly payments with no end month in mind? 2. IF I put end month, and I wish to carry on making payments in the fund beyond the end month, what happens or how do I do this? 3. If...