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). Inbound funds are open only to non-residents and don’t have capital gains tax applicable to them in India.
Outbound funds are open to both residents and non-residents and may have tax implications. Check details of individual funds before investing.
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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 ...
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.
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.
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 ...