All Mutual Funds (inbound and outbound)
What happens to my invested funds if my residency status changes from an NRI to a RI?
For your outbound funds, nothing changes as both NRIs and RIs have no tax differences ie for both the tax is at fund level. For inbound funds, it is recommended that you exit before your residency status changes to Resident Indian so that you can ...
What happens if Belong shuts down?
Rest absolutely assured, any mutual fund investment you make on the Belong app is also made under your name with the AMC. For every investment, you will receive email from the AMC regarding the same. In the unlikely event that Belong shuts down, you ...
Can I make multiple investments in NFO?
No, you can only make a single investment in NFO.
What is the expense ratio and how it is calculated?
Expense ratio is an annualised percentage representing the management fees charged by the fund. In practice, it is converted to a proportionate daily percentage and deducted daily by the fund from the investment value. The NAV is declared after ...
What is a New Fund Offer (NFO)?
An NFO is the initial subscription offer when a new mutual fund scheme gets launched. During the NFO period, the fund collects the initial investment amount from investors but no investments are started. Units get allotted and investment begins at ...
Is Belong allowed to offer Mutual Funds?
Yes. Belong operates under Betafront Securities IFSC Pvt Ltd, an IFSCA-registered distributor of capital markets products & services, ensuring regulatory compliance and customer protection. You can check out our license on the IFSCA website.
Which mutual funds can I invest in through Belong?
With Belong, you can invest in USD denominated mutual funds, including new fund offers (NFOs), available only in GIFT City. These funds are of two types - those that invest in India (inbound funds) and those that invest abroad (outbound funds). ...
Who manages the Mutual Funds in GIFT city?
All mutual funds listed in GIFT City are managed by IFSCA-registered fund houses. These are the same reputed names you see in India, e.g. Tata, DSP, Mirae, but operated through their GIFT City units.
Which currency will my Mutual Fund investments be in?
All investments in GIFT City based mutual funds are in USD.
How do I invest in Mutual Funds using Belong?
You can invest fully digitally: Complete your Belong onboarding & KYC. The KYC mode will depend on your country of residence, residential status and the products you want to invest in. Fund your Belong wallet with USD (from your overseas or Indian ...