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kotak mutual funds for nri

Invest in the best mutual funds recommended by Scripbox that are scientifically and algorithmically selected that best suit your needs. Let’s take a look at the top mutual funds to invest this year. Be it long-term, short-term, tax saving or your emergency needs. We have you covered.

Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.

ABOUT KOTAK MAHINDRA ASSET MANAGEMENT CO LTD

Kotak Mahindra Asset Management Co Ltd manages assets worth 216,909 crores and was set up on 5 August 1994. It’s current offering of mutual fund schemes includes 34 equity,162 debt, and 26 hybrid funds.

Funds recommended by Scripbox for 2021

Kotak Savings Fund (G)

Kotak Savings Fund (G)

Ultra Short

Recommended

Top Ranked

₹ 12,420 Cr

Fund Size

6.6%

3Y returns

Kotak Bluechip fund (G)

Kotak Bluechip fund (G)

Large Cap

Recommended

Top Ranked

₹ 2,411 Cr

Fund Size

11.6%

3Y returns

NRI Mutual Funds Questions & Answers

Frequently asked questions

How can I open an NRI account in Kotak Mahindra Bank?

An NRI can open an NRE account with Kotak Mahindra Bank by submitting the Account opening form along with a photocopy of attested passport, copy of visa or residency, mailing address, and a colored passport size photograph. The documents should be attested before submission

Is Kotak Mahindra a good buy?

Kotak Mahindra Bank is fundamentally strong and well managed. By looking into bank performance it can be rated as strong as other banks and expected to show good returns on investments in the near future.

Can NRI get Aadhar?

NRI can get the Aadhar number upon their arrival in India. Initially, NRIs had to stay in India for 182 days before applying for Aadhar. However, this rule has changed since July 2019 and NRI can apply directly upon arrival using their valid Indian passport.

 

Can NRI transfer money to a savings account in India?

NRIs are not allowed to hold standard savings account in India which is only for residents as per FEMA regulations. They should open an NRO or NRE account that is specially designed for NRI and use the same for money transfers from outside India.

Is the NRI account necessary?

NRI account is necessary for NRIs who are interested in making any investments in India as they will not be able to use their old standard savings account after moving out of India. NRI account is essential for both investment and crediting gains generated from those investments.

Is it safe to invest in Kotak Mahindra Bank?

Kotak Mahindra is a private sector bank that has been fast-growing with very steady performance,  one of the leading banks in market capitalization. Also, Kotak Wealth Management is top-ranked in the Indian market

Which account is better NRE or NRO?

If you would like to hold the money without any further investment then an NRE account will be better and since the money transferred will not be invested you will enjoy a tax-free benefit on an NRE account. Unlike NRO account which is tailored for managing money transferred into investments in India and credit of investment gains, that is why an NRO account is taxable