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.
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.
Ultra Short
Recommended
Top Ranked
₹ 12,325 Cr
Fund Size
6.8%
3Y returns
Diversified
Recommended
Top Ranked
₹ 32,453 Cr
Fund Size
12.1%
3Y returns
Corporate Bond
Top Ranked
₹ 8,484 Cr
Fund Size
8.4%
3Y returns
International - Others
Top Ranked
₹ 124 Cr
Fund Size
11.3%
3Y returns
Diversified
Top Ranked
₹ 4,674 Cr
Fund Size
12.7%
3Y returns
Mid Cap
Top Ranked
₹ 9,162 Cr
Fund Size
13%
3Y returns
Large Cap
Top Ranked
₹ 2,034 Cr
Fund Size
12.9%
3Y returns
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
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.
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.
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.
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.
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
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
Invest in the best mutual funds recommended by Scripbox that are algorithmically selected that best suit your needs.