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Mutual funds for NRIs in Malaysia to invest in India

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22 Dec 2021 | 4 min read

When we discuss Non- Resident Indians (NRIs) and Overseas Citizens of Indians (OCIs) living around the world have many investment options in India. Mutual Fund is one, that allows investors access to well-diversified portfolio equities, bonds, and securities. If NRIs in Malaysia suit their long-term financial goals such as retirement and buying a new home in India.  

NRI applicants living in Malaysia can invest in the debt and equity market to earn good returns. The longer mutual fund terms always increase the possibilities of good returns. Some of the mutual funds in India for NRIs include L&T mutual funds, UTI Mutual Funds, and more.  

Mutual Funds for NRIs in Malaysia  

Some of the basic guidelines for the best mutual funds in India for NRIs living in Malaysia are as followed:  

  • L&T Mutual Funds  
  • Sundaram Mutual Funds  
  • UTI Mutual Funds  
  • BNP Paribas Mutual Funds  

Mutual Funds for NRIs in Malaysia: Invest Procedure  

Indians living abroad and who want to invest in India are required to follow some important guidelines and rules before investing in mutual funds for NRI applicants.  

  • Open NRI Account  

The NRI applicants are required to have a rupee-denominated account to invest in India as per the (FEMA) Foreign Exchange Management Act. You can use one of the following NRI accounts to invest in NRI mutual funds:  

  • NRE Account: NRIs can easily transfer funds into an NRE account. It is a rupee-denominated account.  
  • NRO Account: The NRO account can be opened by NRI applicants to deposit their foreign and Indian earnings.  

Benefits of investing in mutual funds for NRIs in Malaysia  

Here are some key benefits of investing in NRI mutual funds in India are as under:  

  • Professional management and research  
  • Risk diversification  
  • Instant liquidity  
  • Low-cost investment  
  • Tax advantage  

For investing in mutual funds from NRIs living in Malaysia, mutual fund houses offer different guidelines. However, some of them prefer investing only in the paper application form, others allow the applicants to use the online applications through NSE NMF I or BSE STAR MF platforms. Thus, if you are investing in mutual funds, NRI applicants need to confirm the method of investment with mutual fund houses.  

Best performing mutual funds for NRIs 

In the given table, you can check the best mutual funds for NRIs are given below:  

Funds 

Net Assets (Cr) 

3 Mo 

6 Mo 

1Yr 

3 Yr 

5 Yr 

L&T Emerging Businesses Fund 

Rs. 6,058 

16.2 

41.1 

103.9 

10.5 

18.9 

L&T India Value Fund 

Rs. 6,759 

6.6 

24.8 

69.2 

11.6 

14.7 

Sundaram Rural and Consumption Fund 

Rs. 1,269 

13.8 

44.7 

7.4 

11.9 

UTI Banking & PSU Debt Fund 

Rs. 266 

1.4 

1.2 

5.1 

4.5 

5.8 

UTI Dynamic Bond Fund 

Rs. 223 

1.1 

0.5 

3.7 

4.5 

L&T Business Cycles Fund 

Rs. 518 

3.1 

23.3 

66.7 

8.2 

11.6 

Sundaram Mid Cap Fund 

Rs. 6,091 

1.9 

24.9 

67.2 

7.2 

11.8 

L&T Midcap Fund 

Rs. 6,395 

5.9 

22.6 

64.7 

10.4 

16.4 

L&T Tax Advantage Fund 

Rs. 3,356 

5.1 

19.1 

56.1 

9.3 

13.4 

BNP Paribas Multi Cap Fund 

Rs. 518 

6.2 

24.3 

57.7 

13.3 

13.8 

Conclusion  

Before investing in mutual funds NRIs should consult the market experts to make them informed decisions and avoid unnecessary problems and risks. For more details mutual fund advisory from market experts at Afinoz. Including this, you can also download the Afinoz app from Google Play Store or App Store to ask any question related to mutual fund investment, opening an online NRI account, and tax filing in India If you need to ask any questions related to Mutual Funds, visit Afinoz.com in the blog section.  

Read More:- 

1. 11 Mutual Fund myths busted

2. 5 Common Mistakes NRIs Make When Investing in India 

 

 

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