- Mutual Funds
- NRI
- sundaram mutual funds for nri
sundaram 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 SUNDARAM ASSET MANAGEMENT COMPANY LTD
Sundaram Asset Management Company Ltd manages assets worth 31,935 crores and was set up on 26 February 1996. It’s current offering of mutual fund schemes includes 141 equity,182 debt and 36 hybrid funds.See top Sundaram Asset Management Company Ltd funds
Sundaram AMC was established in 1996. It is a fully owned subsidiary of NBFCs – Sundaram Finance Limited (SFL). With about 3.3 million investors and an overall 23 years of expertise in fund management it has become one of the largest financial institution in India.
Funds recommended by Scripbox for 2021
Mutual Funds
Sundaram Low Duration fund (G)
Low Duration
Top Ranked
₹ 386 Cr
Fund Size
3.1%
3Y returns
Sundaram large and Mid Cap Fund (G)
Diversified
Top Ranked
₹ 1,462 Cr
Fund Size
8.6%
3Y returns
Sundaram Money Fund Unclaimed Amount Plan Unclaimed Dividend Less Than Three Years (G)
Liquid
Top Ranked
₹ 3,662 Cr
Fund Size
5.4%
3Y returns
Sundaram Money Fund Unclaimed Amount Plan Unclaimed Redemption Less Than Three Years (G)
Liquid
Top Ranked
₹ 3,662 Cr
Fund Size
5.4%
3Y returns
Sundaram Corporate Bond Fund (G)
Corporate Bond
Top Ranked
₹ 1,034 Cr
Fund Size
9.4%
3Y returns
NRI Mutual Funds Questions & Answers
NRI Mutual Funds Questions & Answers
Frequently asked questions
Can NRI invest in mutual funds?NRI can invest in mutual funds in India as long as they adhere to the Foreign Exchange Act. However, mutual fund asset management companies in India accept only local currency, based on the fact that the NRI has to open an NRO or NRE account with an Indian bank. The investment can start once the account is activated whether as a direct investment or indirect through a power of attorney
What happens to mutual funds when you become NRI?Any mutual fund held by an investor remains unchanged after the change in the residential status of the investor. Once an investor becomes an NRI for India, he/ she must ensure to:
- Change the residential status to NRI and update the KYC details
- Pay taxes as per the rules applicable to an NRI taxpayer
Lastly, many AMCs do not allow an NRI to purchase/ switch mutual funds. Hence it is important to update the KYC compliance.
How can I withdraw money from Sundaram Mutual Fund?In order to redeem Sundaram Mutual funds and withdraw money, you need to fill the redemption form and submit it. The easier option for NRI is to apply online through the Website and money will be transferred to the bank account linked to your registration.
Can US-based NRI invest in mutual funds in India?Generally, an NRI is allowed to invest in mutual funds like Indian residents. However, for the USA and Canadian residents, there are few restrictions. There are only a few fund houses that accept investments from NRIs based in the US and Canada
Do NRI pay tax on mutual funds?Taxation for NRIs investing in Indian Mutual Funds is the same as taxation of resident Indians. The only difference is that for NRIs, there is a TDS of 15% for short term (< 1 year) and 10% for long term (> 1 year) in the case of Equities and a TDS of 30% for short term (< 3 years) and 20% post indexation benefit for long term (> 3 years) in case of Debt/Gold funds at the time of redemptions.
Where can I invest my NRI money?There are several investment options for NRI in India like the ones for Indian residents, some of those options are:
- Fix Deposit Bank Accounts: Providing interest better than interest on saving account balance
- Mutual Funds: Invest in mutual funds after analyzing your financial goals
- Direct Equity: An investor must gain a good understanding of the market before investing
- Real Estate: A better investment option for long term investments
- Bonds and Non-Convertible Debentures (NCDs): NCD is another option for NRIs who are looking for investments apart from mutual funds or the stock market.
- Certificate of Deposit: These are basically short term investments for retail investors with fixed returns
- National Pension Scheme (NPS): NPS is a retirement plan. The maturity benefits from an NPS are taxable.
- Government Securities: Government securities are generally considered a low-risk investment.
Can NRI hold a normal savings account?NRI is not allowed to hold bank savings accounts as this facility is available only to Indian Residents. NRI is entitled to hold a Non-resident Ordinary Account (NRO), Non-Resident External Account (NRE), or Foreign Currency Non-resident Account (FCNR)
How can I check my Sundaram Mutual Fund balance online?You can check your Sundaram Mutual Fund balance online from Sundaram mutual fund website. Once you open the website click on the Investor corner and from the investor corner you can request a statement. You will have to verify your account by email address and provide some other details in order to generate the statement
Who is the registrar for Sundaram Mutual Fund?Sundaram Mutual Fund announced changes in the Registrar & Transfer Agent as of 11 November 2019. The R&TA changed from Sundaram BNP Paribas Fund Services Limited to Karvy Fintech Private Limited for the schemes of Sundaram Mutual Fund
How is Sundaram Mutual Fund?Sundaram Asset Management Company has over 20 years of experience in fund management and is fully owned by one of India’s oldest and most respected NBFCs – Sundaram Finance Limited. The Company was jointly promoted by Sundaram Finance Ltd and Stewart Newton Holdings (Mauritius) Ltd in 1996. It earned its reputation in the market by satisfying and fulfilling the needs of its customer by providing a huge variety of schemes to choose from. It also provides tax-saving schemes like Tax Saver- a long term investment growth fund that offers tax benefits and has a 3- year lock
Frequently asked questions
NRI can invest in mutual funds in India as long as they adhere to the Foreign Exchange Act. However, mutual fund asset management companies in India accept only local currency, based on the fact that the NRI has to open an NRO or NRE account with an Indian bank. The investment can start once the account is activated whether as a direct investment or indirect through a power of attorney
Any mutual fund held by an investor remains unchanged after the change in the residential status of the investor. Once an investor becomes an NRI for India, he/ she must ensure to:
- Change the residential status to NRI and update the KYC details
- Pay taxes as per the rules applicable to an NRI taxpayer
Lastly, many AMCs do not allow an NRI to purchase/ switch mutual funds. Hence it is important to update the KYC compliance.
In order to redeem Sundaram Mutual funds and withdraw money, you need to fill the redemption form and submit it. The easier option for NRI is to apply online through the Website and money will be transferred to the bank account linked to your registration.
Generally, an NRI is allowed to invest in mutual funds like Indian residents. However, for the USA and Canadian residents, there are few restrictions. There are only a few fund houses that accept investments from NRIs based in the US and Canada
Taxation for NRIs investing in Indian Mutual Funds is the same as taxation of resident Indians. The only difference is that for NRIs, there is a TDS of 15% for short term (< 1 year) and 10% for long term (> 1 year) in the case of Equities and a TDS of 30% for short term (< 3 years) and 20% post indexation benefit for long term (> 3 years) in case of Debt/Gold funds at the time of redemptions.
There are several investment options for NRI in India like the ones for Indian residents, some of those options are:
- Fix Deposit Bank Accounts: Providing interest better than interest on saving account balance
- Mutual Funds: Invest in mutual funds after analyzing your financial goals
- Direct Equity: An investor must gain a good understanding of the market before investing
- Real Estate: A better investment option for long term investments
- Bonds and Non-Convertible Debentures (NCDs): NCD is another option for NRIs who are looking for investments apart from mutual funds or the stock market.
- Certificate of Deposit: These are basically short term investments for retail investors with fixed returns
- National Pension Scheme (NPS): NPS is a retirement plan. The maturity benefits from an NPS are taxable.
- Government Securities: Government securities are generally considered a low-risk investment.
NRI is not allowed to hold bank savings accounts as this facility is available only to Indian Residents. NRI is entitled to hold a Non-resident Ordinary Account (NRO), Non-Resident External Account (NRE), or Foreign Currency Non-resident Account (FCNR)
You can check your Sundaram Mutual Fund balance online from Sundaram mutual fund website. Once you open the website click on the Investor corner and from the investor corner you can request a statement. You will have to verify your account by email address and provide some other details in order to generate the statement
Sundaram Mutual Fund announced changes in the Registrar & Transfer Agent as of 11 November 2019. The R&TA changed from Sundaram BNP Paribas Fund Services Limited to Karvy Fintech Private Limited for the schemes of Sundaram Mutual Fund
Sundaram Asset Management Company has over 20 years of experience in fund management and is fully owned by one of India’s oldest and most respected NBFCs – Sundaram Finance Limited. The Company was jointly promoted by Sundaram Finance Ltd and Stewart Newton Holdings (Mauritius) Ltd in 1996. It earned its reputation in the market by satisfying and fulfilling the needs of its customer by providing a huge variety of schemes to choose from. It also provides tax-saving schemes like Tax Saver- a long term investment growth fund that offers tax benefits and has a 3- year lock
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Invest in the best mutual funds recommended by Scripbox that are algorithmically selected that best suit your needs.