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Like the way you are thinking Rachna.
This topic actually is lot more complex then it looks at surface. Just a few key points which really impact the dynamics in relationship and actual scenarios-
* How is the money managed in general in the house/marriage. Is it my money/your money or Our money.
* Who is the controlling party for the major ...
No Sir, No REITs available in India yet. (There are proposals in front of SEBI)
2 possible substitutes -
* Direct stocks of Real Estate Developers like DLF.
* Infrastructure Mutual Funds. (UTI Infrastructure & Pru ICICI Infrastructure are 2 of the popular ones)
You should be looking at Diversified Equity Funds or Equity Oriented Hybrid funds. Stick to ***** funds (Check the MF comparison tool ;-). Some of the most popular ones are -
Reliance Growth Fund
HDFC Equity Fund
Magnum Contra Fund
HDFC Prudence (Hybrid)
Magnum Balanced (Hybrid)
If your time horizon is long (>3 years ...
Yes for property owned in India by NRI when sold, proceeds can be taken to coutry of residence based on certain limitations.
* If property was purchased using foreign amount it is simpler, if not limits and approach are slightly different.
* It is taxable in India. If property is held for > 36 month it is long term capital gain (@20%). You ...
Taxation of dividends of mutual fund schemes
Tax rates for
Other debt funds
(Surcharge rate and cess have been factored in.)
Rules are same for NRIs. Indian taxation is favourable, its the US taxation ...
Not too many there are some Index ETFs and Gold ETFs.
PruICICI SPiCE is sensex based ETF.
UTI and Kotak have Gold ETFs on offer.
ULIPs (Unit Linked Insurance Plans) are a possible way for NRIs to gain exposure to Indian market.
Their expenses are higher compared to Mutual Funds but being insurance plans they avoid some of the PFIC issues.
NRIs can open Demat accounts. NRIs from middle east can do online trading through icicidirect.com as well.
Here is information about opening a Demat a/c for a resident - http://www.idbibank.com/products/demataccount.asp
Special conditions for NRIs - http://www.idbibank.com/products/demataccount_nrispecialconditions.asp
----------RBI permission ...
A research paper can definitely be written on this topic if not a book. I'll try to summarize the options and based on your response we could possibly go into more details.
I'm assuming that you want to invest in Indian Equity Market and are willing to take the risk which comes with equity investments.
* You could invest in India based ...
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