| Author | Message | ||
     Germex Junior Artist Username: Germex Post Number: 6 Registered: 04-2008 Posted From: 198.180.131.16 Rating: N/A |
Thanks Raju! | ||
| Rajusk Junior Artist Username: Rajusk Post Number: 143 Registered: 02-2008 Posted From: 216.254.68.165 Rating: N/A |
First get a PAN number for yourself. I am assuming you have an NRE/NRO account with ICICI/HDFC or some bank. If not, get that one too. Then once PAN and NRE/NRO is in place, go to a website called Timesofmoney.com. they are brokers for lot of mutual funds. Initially you will have to send some paper work like address proof and then authorization etc. It is a one time thing. After that you can buy/sell MFs online using their website. If you want to do it on a retired parent's name in India the procedure would be different. Intha daaniki Financial Advisor enduku ..hehe | ||
| Germex Junior Artist Username: Germex Post Number: 5 Registered: 04-2008 Posted From: 198.180.131.16 Rating: N/A |
Now in India, do i need to get in touch with a Bank who would do the paper work for me or are their any other brokers ? | ||
| Rajusk Junior Artist Username: Rajusk Post Number: 142 Registered: 02-2008 Posted From: 216.254.68.165 Rating: N/A |
SBI Magnum contra, SBI Magnum Multiplier Plus, Sundaram Select Midcap, Reliance Growth, Reliance Vision..ippatki avi decide avvu..oka 1 year tharuvatha nee profits lo 5% service fees naaku ...jk le.. | ||
| Germex Junior Artist Username: Germex Post Number: 4 Registered: 04-2008 Posted From: 198.180.131.16 Rating: N/A |
edavanu le sir. Koncham perulu cheppandi. | ||
| Rajusk Junior Artist Username: Rajusk Post Number: 141 Registered: 02-2008 Posted From: 216.254.68.165 Rating: N/A |
Agree...those numbers are mind boggling..but it was done by people like us..who wasted their time doing how to make money than on DBs :-) | ||
| Rajusk Junior Artist Username: Rajusk Post Number: 140 Registered: 02-2008 Posted From: 216.254.68.165 Rating: N/A |
Go to www.valueresearchonline.com and find the ones that suit your risk profile...Look for funds that have existed longer and given better results..adantha kashtam ...edo oka naalugu perlu kavali ante..nenu cheppagalanu...kaani chivarki andulo pettina taruvatha naaku returns raaledu ani naa meeda edavaddu.. | ||
| Germex Junior Artist Username: Germex Post Number: 3 Registered: 04-2008 Posted From: 198.180.131.16 Rating: N/A |
Also , R2I club has ppl with much greater investment amount and plans, Mine is no where close to them. Max I might start with is less than a lac. | ||
| Germex Junior Artist Username: Germex Post Number: 2 Registered: 04-2008 Posted From: 198.180.131.16 Rating: N/A |
I cannot afford Villas and apartments so i would leave it alone. Just some MFunds perhaps. So I would like to know a little more about the MF's and the risk less funds. | ||
| Okatelugodu Junior Artist Username: Okatelugodu Post Number: 369 Registered: 02-2008 Posted From: 199.43.48.129 Rating: N/A |
A good starting point is to go to R2I club Finance forums and check with people who have already done it... Thanks. I will check those. | ||
| Rajusk Junior Artist Username: Rajusk Post Number: 139 Registered: 02-2008 Posted From: 216.254.68.165 Rating: N/A |
AS much as you research RBI rules for getting money from there...I would strongly advise you to research on IRS or check with CPA about getting money from there.. The reason why I am telling you is...if you trying to get the money that you have received from selling a house...IRS would look at it as a secondary house where you are not living..and that would be taxed differently ..also any income you earned outside the US would come under PFIC ( global income) and would be taxed differently..I think the safest bet is to go check with CPA... A good starting point is to go to R2I club Finance forums and check with people who have already done it... | ||
| Okatelugodu Junior Artist Username: Okatelugodu Post Number: 368 Registered: 02-2008 Posted From: 199.43.48.129 Rating: N/A |
Cool...mari inkenti..go ahead and convert those crores of rupees in India and get $$$$ here... Crores antha scene ledu. But only 40 Lakhs(100K) per year ante a bit restrictive for anyone doing a lumpsum transaction. Just wanted to know how easy it is to get approval to get around this limit..anthey | ||
| Rajusk Junior Artist Username: Rajusk Post Number: 138 Registered: 02-2008 Posted From: 216.254.68.165 Rating: N/A |
You can do all of the above but never tell IRS that you did any of those...lekapothe all that you have gained would be lost in taxes..to Uncle Sam | ||
| Orren Junior Artist Username: Orren Post Number: 128 Registered: 03-2008 Posted From: 124.123.33.159 Rating: N/A |
Germex u wanna invest in india in Hyderabad. invest in mutual funds on long long term. u can also invest in property perhaps in gated community villas (tax deductions) u could invest in lands now in appreciation. U can also buy ultra luxury apartments @ corner of somajiguda & rajbhavan rad facing necklace rd on top of the hill, 2.6 crores ULTRA LUXURY APARTMENTS u and ur wife can sit in balcony and watch necklace rd and tankbund | ||
| Rajusk Junior Artist Username: Rajusk Post Number: 137 Registered: 02-2008 Posted From: 216.254.68.165 Rating: N/A |
Cool...mari inkenti..go ahead and convert those crores of rupees in India and get $$$$ here... | ||
| Okatelugodu Junior Artist Username: Okatelugodu Post Number: 365 Registered: 02-2008 Posted From: 199.43.48.129 Rating: N/A |
Deeniki RBI website choodavale...not sure what is the latest..every year this keeps changing Ekkuva chotla 100K per year or 1 Mil max ani vundi over a period of 10 years. Also current regulation doesn't seem very rigid. Probably atoo ituu rotate chese vallani restrict cheyyataniki emo. Limit datithe per year or max limit -- RBI approval teeskovali antaru. And nothing mentioned about , based on what criteria they approve. | ||
| Rajusk Junior Artist Username: Rajusk Post Number: 136 Registered: 02-2008 Posted From: 216.254.68.165 Rating: N/A |
Sorry to post a personal question...but annual gaa entha range save cheddamani...why thinking about Small Savings..the reason why I am asking is...if you put in small savings/FD etc...they would just end up playing catch up with inflation and may never give you positive return in the long run...although it may be a conservative approach..you need to find something that beats inflation and gets you return greater than the growth of inflation+interest rate...aa range lo return ichevi ...stock markets/real estate matrame indialo...unless you are interested in politics ;) | ||
| Rajusk Junior Artist Username: Rajusk Post Number: 135 Registered: 02-2008 Posted From: 216.254.68.165 Rating: N/A |
Deeniki RBI website choodavale...not sure what is the latest..every year this keeps changing.. | ||
| Rajusk Junior Artist Username: Rajusk Post Number: 134 Registered: 02-2008 Posted From: 216.254.68.165 Rating: N/A |
If you are an NRI, you can NOT invest in Small Savings, Post office padakams etc.} | ||
| Okatelugodu Junior Artist Username: Okatelugodu Post Number: 363 Registered: 02-2008 Posted From: 199.43.48.129 Rating: N/A |
Raju, repatriation limit meeda emanna idea vunda? Also any restrictions? | ||
| Rajusk Junior Artist Username: Rajusk Post Number: 133 Registered: 02-2008 Posted From: 216.254.68.165 Rating: N/A |
If you are an NRI, you can invest in Small Savings, Post office padakams etc. You can invest in Mutual Funds but if you live in USA, you might invite PFIC regulations and might have to pay higher taxes. The safest alternative is to invest in Equities/MF on someone's name in your family. If you have any questions ..feel free to post here..I am not a professional financial advisor...you can search for R2Iclub forums and go to the Finance thread...if that Forum is an overkill...post here and I will try to answer if possible | ||
| Basky_indya Comedian Username: Basky_indya Post Number: 1151 Registered: 10-2007 Posted From: 144.226.230.37 Rating: N/A |
mail me basky_indya@yahoo.com all india Utter Flop Hero Fans UUUUth President | ||
| Basky_indya Comedian Username: Basky_indya Post Number: 1150 Registered: 10-2007 Posted From: 144.226.230.37 Rating: N/A |
are u from andhra, anyway pls feel free to contact me.. I stay in USA all india Utter Flop Hero Fans UUUUth President | ||
| Jodhaa Junior Artist Username: Jodhaa Post Number: 835 Registered: 02-2008 Posted From: 208.11.223.20 Rating: N/A |
 No one can make you feel inferior without your permission, remember they are no better | ||
| Basky_indya Comedian Username: Basky_indya Post Number: 1148 Registered: 10-2007 Posted From: 144.226.230.37 Rating: N/A |
I know small scale investments like PPF,post office, kisan vikas pathra, etc my dad was IT officer so i know much tax related and govt sponsored savings scheme inlcuding senior citizens savings scheme. I also have a pg diploma in banking and finance from pondicehhry central univ..so i know better finance.. also I worked in insurance domains for 3 years so know that also... whatever u want , u can discuss me on weekends in USA... just a free service to satisfy my knowledge quotient... all india Utter Flop Hero Fans UUUUth President | ||
| Germex Junior Artist Username: Germex Post Number: 1 Registered: 04-2008 Posted From: 198.180.131.16 Rating: N/A |
Folks, I am planning to go to India in a couple of months and would like to know investment options available. Are there financial advisors available ? Just trying to invest small savings wisely. Something that will be useful for Kids education etc. |
