Hello Fellow NRI's
I am an NRI, my surplus every month is not fixed and varies significantly.
Can you please share your experience on -
1. Is it a good idea to park x amount of money in the NRE account and than direct SIP every month? Or is it better I go for STP type of investment?
2. I would like to know your opinion on how to choose the best funds for STP investments? Which type of fund is better for parking the money and which type of funds is good for regular transfer (to which the fixed sum is to be transferred regularly)?
My investment horizon is long term. I am confused 'coz my understanding is that for debt fund NRI's pay more tax right... so is it a good idea to choose an equity fund to park the money and if so, which type of equity fund, for example, like Large Cap-Core, Large Cap-Satelite, Small/Mid Cap- Core, Small/Mid Cap - Satelite etc etc.
Many Thanks
H
I am an NRI, my surplus every month is not fixed and varies significantly.
Can you please share your experience on -
1. Is it a good idea to park x amount of money in the NRE account and than direct SIP every month? Or is it better I go for STP type of investment?
2. I would like to know your opinion on how to choose the best funds for STP investments? Which type of fund is better for parking the money and which type of funds is good for regular transfer (to which the fixed sum is to be transferred regularly)?
My investment horizon is long term. I am confused 'coz my understanding is that for debt fund NRI's pay more tax right... so is it a good idea to choose an equity fund to park the money and if so, which type of equity fund, for example, like Large Cap-Core, Large Cap-Satelite, Small/Mid Cap- Core, Small/Mid Cap - Satelite etc etc.
Many Thanks
H