Being an NRI is tough. You need to find a new place to live, cook with new ingredients, learn to drive on the wrong side of the road and every time you convert your expenses in dollars to Indian Rupees, you get a mini heart attack.
I understand your plate is already full. So I am not going to make empty promises like…. It is a great time for NRIs to invest in India.
It can be. It depends entirely on how you answer these questions:
1. Do you (or your children) plan to return to India in the future?
2. Are you looking to diversify by parking some money in India?
3. If the rupee continues to depreciate, will the currency conversion and taxes still make the investment worthwhile?
If you ask me…
1. I want diversification; that’s why I’ll park some of my money in India.
2. I want high liquidity aka the freedom to get my money back to my country of residence, whenever I need to.
3. But above all, I believe in India’s long-term growth. I have hope for the long-term.
This is why I would invest in the Indian Stock Market. If you don’t relate with my reasons or if you are not as optimistic as me, then you should stop watching.
But if like me, you’re an NRI, and looking for a place to invest in India, then this video is for you. Zerodha is India’s largest stockbroker, but I like them because of their free educational tools like Varsity that improves financial literacy among Indians and NRIs. Plus, with Zerodha's KITE app, I get full control to track and modify all my investments back in India.
So it doesn’t matter if you’ve never had an account with Zerodha, or had an account with them back in India or hold a foreign passport with India as your birth place, I promise by the end of this video, you’ll know exactly how to open your account and start investing in India.
Because in today’s video, we’re going to see..
Today’s Agenda:
1. The basic NRI investment terms you MUST know, like NRO, NRE etc.
2. A step-by-step guide to opening a new Zerodha NRI account or converting your existing resident account to an NRI account.
3. I’ll show you how I gathered my documents, got them notarised, couriered them to Zerodha and received my login details.
This video is Part 1. In Part 2, I’ll show you how I actually use my Zerodha account and what I can buy in the Indian Stock Market as an NRI.
It might seem complicated, but by the end of this video, I promise, the whole process will seem easy peasy. Let’s begin.
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TIMESTAMPS:
0:00 - Introduction
2:22 - NRI Account Opening Details
3:15 - Basic Investment Terms
3:46 - NRO and NRE
5:38 - PIS and Non-PIS
7:43 - How I opened my account?
7:50 - PAN Active
8:58 - Overseas Address KYC
10:12 - Filling Forms
11:00 - New User Account
13:44 - Convert Resident to NRI
16:48 - Final Steps
18:14 - IPV
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DISCLAIMER:
The content in this video is for informational and educational purposes only and should not be considered financial or investment advice. Taskeen Fatima Basha and The Urban Fight are not financial advisors, investment professionals, or tax experts. Investments involve risks, including potential loss of principal. The stock market and ETFs are subject to volatility, and past performance does not guarantee future results. Always consult a licensed financial advisor before making investment decisions and consider the tax implications of investments, which may vary by jurisdiction. While we strive for accuracy, viewers should verify information independently and consult official sources. Taskeen Fatima Basha, The Urban Fight, and associated entities are not liable for any financial losses or damages. By watching, you agree to release them from all liabilities. For personalized advice, consult a qualified professional. Trading Financial Instruments involves high risk which may not be suitable for all individuals. By watching this video, you accept that the presenter/trainer and/or The Urban Fight will not be held responsible for any losses in your Trading or Mutual Funds account. Trainer/Presenter of this video is not a SEBI registered analyst or an advisor.
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