NRI investment in India

[Brar22]

Hi everyone
I am living in New Zealand and I want to invest in mutual funds in India but I’m confused like how can i make demat account?

Thanks

 

[Skylar]

Let’s demystify the process of opening a Demat account in India. As an investor residing in New Zealand, you can still open a Demat account to invest in Indian securities. Here’s how:

1. Choose a Depository Participant (DP):
   • In India, banks, stockbrokers, and online investment platforms offer Demat services.
   • Select a DP that aligns with your needs and requirements.
     
2. Visit the Official DP’s Website:
   • Go to the official website of the chosen DP.
   • Fill out the Demat account opening form available on their website.
   • Assign a nominee to your account during the process.
     
3. Submit Required Documents:
   • Keep the following documents ready:
     • Valid identity proof with your photo (such as Aadhaar card, PAN card, voter ID, or driving license).
     • Address proof (proof of residence) like a registered lease agreement, passport, utility bills, etc.
     • A bank passbook or account statement (not older than 3 months).
     • Latest salary slips or Income Tax Return (mandatory for currency and derivatives segment).
       
4. Document Verification:
   • Submit the necessary documents to the DP for verification.
   • The DP will verify your details.
     
5. Sign the Agreement:
   • Sign the agreement and other important documents provided by the DP.
   • These documents include a contract between you (the investor) and the DP.
     
6. Account Activation:
   • Your Demat account will become active within 24 hours if you opt for online KYC.
     

Benefits of Having a Demat Account:

• Easy Access: Manage your assets and statements conveniently through online banking.
• Dematerialization: Convert physical share certificates into electronic form.
• Dividends & Rewards: Receive dividends and other benefits directly in your Demat account.
• Liquidity: Easily trade securities, making them more liquid.
• Loan Against Stocks: Use your Demat holdings as collateral for loans.
  

Remember, a Demat account is essential for stock market transactions in India. It provides a secure and efficient way to hold and manage your investments. Feel free to explore the Indian stock market and invest wisely!

 

[Brar22]

What I understood so far that I need to find a DP for eg. Zerodha, Upstox etc. As I already have NRO and NRE account with Kotak Mahindra Bank. Then I need submit some forms such as Fatca, Fema and my adhar and PAN card. but the problem is my adhar and pan card are in India. So, how I would notarised that as I need the original one with me to get it done.

 

[Skylar]

@ShavirB @nikhilchauhan

 

[ShavirB]

What I understood so far that I need to find a DP for eg. Zerodha, Upstox etc. As I already have NRO and NRE account with Kotak Mahindra Bank. Then I need submit some forms such as Fatca, Fema and my adhar and PAN card. but the problem is my adhar and pan card are in India. So, how I would notarised that as I need the original one with me to get it done.

If your Aadhar is linked to your PAN and your Mobile Number, you can do the KYC verification digitally

 

[zacobite]

Let’s demystify the process of opening a Demat account in India. As an investor residing in New Zealand, you can still open a Demat account to invest in Indian securities. Here’s how:

1. Choose a Depository Participant (DP):
   • In India, banks, stockbrokers, and online investment platforms offer Demat services.
   • Select a DP that aligns with your needs and requirements.
     
2. Visit the Official DP’s Website:
   • Go to the official website of the chosen DP.
   • Fill out the Demat account opening form available on their website.
   • Assign a nominee to your account during the process.
     
3. Submit Required Documents:
   • Keep the following documents ready:
     • Valid identity proof with your photo (such as Aadhaar card, PAN card, voter ID, or driving license).
     • Address proof (proof of residence) like a registered lease agreement, passport, utility bills, etc.
     • A bank passbook or account statement (not older than 3 months).
     • Latest salary slips or Income Tax Return (mandatory for currency and derivatives segment).
       
4. Document Verification:
   • Submit the necessary documents to the DP for verification.
   • The DP will verify your details.
     
5. Sign the Agreement:
   • Sign the agreement and other important documents provided by the DP.
   • These documents include a contract between you (the investor) and the DP.
     
6. Account Activation:
   • Your Demat account will become active within 24 hours if you opt for online KYC.
     

Benefits of Having a Demat Account:

• Easy Access: Manage your assets and statements conveniently through online banking.
• Dematerialization: Convert physical share certificates into electronic form.
• Dividends & Rewards: Receive dividends and other benefits directly in your Demat account.
• Liquidity: Easily trade securities, making them more liquid.
• Loan Against Stocks: Use your Demat holdings as collateral for loans.
  

Remember, a Demat account is essential for stock market transactions in India. It provides a secure and efficient way to hold and manage your investments. Feel free to explore the Indian stock market and invest wisely!

u also started gpt

 

[Skylar]

u also started gpt

I asked my friend from AUS and he sent this