What happens to my Mutual Fund investments if I become a resident Indian?
Since inbound Mutual Funds are exclusively for NRIs, it’s ideal that you redeem all your GIFT city mutual fund (inbound/investing into India) investments prior to becoming a resident Indian. If not redeemed before becoming a resident Indian, the Mutual Fund company will force redeem your GIFT City inbound mutual fund units, and proceeds will be taxed in India as per income tax rules.
Any investments in outbound mutual funds (investing outside of India) will not be affected.
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What returns can I expect from equity Mutual Fund investments?
For equity Mutual Funds, the value of investments may fluctuate with stock market volatility. Returns are not guaranteed. Equity Mutual Funds are known to be more volatile in the short term but have historically given 10-14% in the long term (5-7 ...
Can I redeem my investments anytime?
Yes, inbound mutual funds on Belong are open-ended funds. You can place redemption requests anytime. Redemption to your Belong wallet can take upto 7 working days. Note: If you invest in NFOs then you can't redeem your investments till the fund opens ...
What is the Tata India Dynamic Equity Fund (IFSC - GIFT City)?
It is a retail feeder fund launched by Tata Asset Management at GIFT City, India’s international finance hub. The fund invests in Tata Mutual Funds in India across large-cap, mid-cap, small-cap, ETFs, and sector/thematic funds, offering NRIs a ...
Does Belong give regular or direct Mutual Funds on the app?
Belong offers direct Mutual Funds so Belong also doesn't earn any commissions that eat into your returns. We are one of the few MF providers that give direct MFs to NRIs too. There are no additional fees or charges that we apply for Mutual Fund ...
Who can invest in Tata India Dynamic Equity Fund?
The fund is available to Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and Foreign Investors. Please note this fund is not open to US & Canada.