With key personnel of JV Capital Services being Non-Resident Indians (NRIs) themselves, the Company is fully aware of the needs , worries and problems faced by NRIs who want to invest in India. Our team is capable of looking after NRI clients who want peace of mind that their investments are safe and being well managed for them. We have clients in Europe, The United States of America and Africa who use our services for directly investing into the Indian Equity Market as well as their other investment needs in India.
Non-Residents have to be much more careful in selecting their financial advisors and brokers in India as they will be looking after their financial affairs, and would need discretionary powers from time to time. The legal system in India is notoriously slow and bureaucratic , which turns away many would-be investors. However, for those who do invest the returns are excellent and much better than those available in their own local markets. Please note that investments on a repatriable basis can be eroded in value by a depreciation in the Value of the Indian Rupee, and we advise all clients to calculate a possible 5% fall in the currency each year. In spite of this, investment opportunities still can yield better returns for the intelligent investor.
There are many investments that can be made including Equities, Mutual Funds, Debt as well as Fixed Deposits offered by Banks. The investor has to decide what his financial goals are, whether the investment is for repatriation or on a non-repatriation basis, whether capital growth or income is wanted and the period of the investment . This is very critical as the options and returns will vary on these factors.
We will outline the basic options available in both and can help to guide you on any course of action you take. We take care of all the necessary documentation here and will get Reserve Bank of India (RBI) approvals wherever necessary for clients.
We offer trading for NRIs in the cash and futures markets on the NSE. The main decision you have to make is whether you want to repatriate your money. If yes then you have to use your NRE account and are subject to tax being deducted by the bank on profits each time (10% for short term and NIL for long term gains ie more than one year). If you trade from your NRO account then no tax is deducted at source and you are responsible to file a tax return and pay any taxes due then.
As brokers experienced with NRI clients we can help you in any of the above and it depends on each individual client to decide what suits them best.
To trade with us you have to complete a standard client agreement form for the cash and/or futures market. We also require some margin (NSE regulations) in the form of funds and/or shares. We give a trading limit of six to ten times the margins you have with us. You will be given free access to our newsletter for recommendations and market news. All details regarding your account are available from our back office software system which is available online from the Member’s Area. Please see the NRI FAQs for more information on NRI trading.
If you have a NRE or NRO bank account already , simply open a depository account and ask your bank for PIS approval (nominal charge by bank). You can then open your brokerage account and start trading online or on the phone. |