How Can NRIs & OCIs Invest In Indian Mutual Funds Through iNRI?

Investing in Indian mutual funds as an NRI or OCI has never been more convenient. With iNRI, you have a user-friendly, all-in-one solution for your Indian mutual fund investments.

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iNRI Account Opening

Once you've logged in to iNRI, the next steps are a breeze. Completing your KYC documentation takes less than five minutes. Your KYC will be processed within 7 to 10 business days, ensuring a swift investment journey. While the KYC is under process, you can complete your investor profile, add nominee details and your bank information.

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Here’s a step-by-step guide to complete your KYC. 

Regarding completing your KYC, do you know that the Aadhaar-PAN linkage is necessary to ensure a hassle-free mutual fund investment experience?

Once your KYC is done and account is ready to invest, here’s your guide on how to invest in the best mutual funds with iNRI -

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Do-It-Yourself

Here, your experience in selecting growth-oriented funds and ability to rebalance the portfolio during market corrections make you well-positioned to identify the most promising funds on your own. 

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Choose The Best Fund For Your Goals Based On Themes:

On iNRI you can find curated themes, and each fund is ranked based on its CAGR (Compounded Annual Growth Rate). Fund segregation is primarily based on individual needs, and the information below can assist you in understanding these themes.

Most Popular With NRIs:

The section provides a complete list of funds available for NRIs, including equity, debt, and ELSS funds. You can find the types of mutual fund houses that remain popular within the fellow NRI community based on your country of residence.

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Top Active Funds:

These are actively managed funds, where the fund manager scrutinizes the market and re-balances the fund portfolio to keep up with the changing market dynamics. The mutual funds here are equity-oriented funds. If you are seeking high returns and ready to bear extra risks, you can opt for active funds.

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Low-cost Indexing:

The section includes a list of Index funds that are passively managed and have a lower expense ratio than actively managed funds. These funds mimic benchmarks like Nifty 50 or Nifty 100 and generate returns similar to that of the underlying benchmark index.

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Hybrid Equity & Debt Mix:

The list includes funds that have a healthy mix of equity stocks and debt instruments. The primary objective of hybrid funds is to ensure a well- balanced portfolio with the right mix of equity and debt exposure. 

The equity exposure ensures growth, while the debt exposure ensures stability. Thus, hybrid funds may best suit you if you have a moderate to high-risk tolerance level.

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Debt Mutual Funds:

Debt funds can be a viable option for you if you are new to investing in mutual funds, looking for less risky funds, and a better investment than bank FDs. These funds offer periodic returns and are less volatile than equity funds.

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Recently Launched NFOs:

New Fund Offerings (NFOs) are for you if you are looking to capitalize by investing in the initial phase of the fund. Reviewing the fund houses and fund managers' track records is essential before investing in such NFOs. This is crucial as no historical data is available to analyze the fund’s historical performance.

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Steps To Invest In Indian Mutual Funds Based On Themes:

Here, you can pick a theme based on your investment preferences/goals.

You can follow the below-mentioned steps while selecting funds based on the themes manually,

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Step 1: Look for 'Explore funds from the selected themes'

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To analyze each fund, click on the fund name to get a detailed description of it.

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Step 2: After careful analysis, select the particular fund that best suits your investment goals.

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Step 3: Add the fund and click Invest (top right corner), you will be redirected to a checkout page to review the funds and edit the amount if need be. 

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Step 4: Select the order option between a one-time lumpsum payment and an SIP (Systematic Investment Plan), which are regular interval payments.

-For lumpsum payment

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-For the SIP investment

Here’s a blog on Why SIPs can be the best way to invest in mutual funds. 

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Step 5: Review your bank account details, select the payment mode, and click 'Place Order.'

‍Step 6: You will then be redirected to your bank’s net banking page to complete the transaction.

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iNRI’s Smart Investing Tool

If you're new to Indian mutual fund investments, unsure which funds to choose or wish to automate investments through expert guidance, we've got you covered. The above themes can only be practical when investing independently with little assistance or guidance.

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It is imperative to say that careful analysis is essential or that seeking the help of a professional is advisable to generate better risk-adjusted returns.

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Your busy schedule may require quick assistance analyzing each fund.

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iNRI’s Smart Investing Tool shortlists the best mutual funds to invest based on your unique investment preferences like investment frequency, strategy, asset exposure and investment duration.   

Here’s a step-by-step guide to use the Smart Investing tool to pick the right mutual funds for your investment goals. 

‍Step 1: On iNRI's homepage, navigate to the ‘Smart Investing Tool’ at the top left corner.

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Step 2: On the following page, enter the amount you are planning to invest and select the frequency of your investments.  

• One-time investment: Investing a lump sum amount is known as a one-time investment. If you are planning to invest your bonus amount or a gift received from a family member, lump sum investing can be a good option. 

• Monthly: Monthly SIP (Systematic Investment Planning) is a strategy of periodic (monthly) investments into mutual funds. By selecting ‘monthly’, you are automating your investments every month.‍
• Quarterly: Similar to monthly SIP, here you are opting for a quarterly investment frequency for investing in mutual funds.

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Step 3: Opt for your preferred investment strategy based on your risk tolerance level.

• Conservative: In conservative mode, you mostly invest in funds that carry less risk and generate returns just enough to beat the inflation rates. If you are a low risk investor, and looking for more or less stable returns, you can opt for this strategy.  
• Moderate: When you opt for a 'moderate strategy', you are essentially seeking a well-balanced portfolio with a mix of equity and debt funds. Here, you are aiming for superior returns compared to conservative investors, and offset the risk by having exposure to debt funds. 
• Aggressive: This strategy might suit you if you are an NRI aware of market risks, have higher risk tolerance levels, and want to earn higher returns by investing primarily in equity-oriented funds.

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Step 4: Select the type of asset you are comfortable to invest in and choose the tenure of your investment. While investing in mutual funds, you must have a long term investment horizon. 

This will help you average out the effects of market volatility.  

• Equity funds primarily invest in equity stocks. They are highly volatile and carry high risk.

• Debt funds primarily invest in fixed-income securities like treasury bonds, debt instruments, and corporate and government bonds. These funds provide regular income and carry less risk.‍
• Commodity funds include investing in precious metals like gold or silver. You can invest in commodity funds to hedge your portfolio against inflation and price fluctuations from the stock market.

Given the stock market's inherent volatility, it might be necessary to diversify your investments across all three types of assets. This strategic move acts as a safeguard, helping you weather market fluctuations, while generating good returns.

Note: Mutual funds are market related instruments and thus are inherently risky. SEBI regulates and supervises mutual funds to protect the interest of the investors.

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Step 5: Click on 'Calculate,' to view the list of recommended funds along with the investment amount. If you wish to, you can edit the investment amount for the recommended funds or opt out of any fund. 

You can also watch a quick demo video to understand the 'Smart Investing Tool'.

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Step 6: Upon reviewing the funds, click on Invest now to proceed with your investment. 

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Step 7: On the following transaction page, select the order option between a lump sum payment or an SIP.

Step 8: Review your NRO or NRE bank account details, select the payment mode, and click 'Place Order.'

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Step 9: You will then be redirected to your bank’s net banking page to complete the transaction.

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Note: 

Once you click on calculate, the bar chart on the right-hand side displays your total investment amount, the expected profit you can earn, and the total value by the end of your investment tenure. Please note that these are just an estimate of the returns, and don't guarantee future gains.

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Investing in mutual funds is that simple. If you are stuck and need assistance, click the 'Chat’ option at the bottom right corner to chat with us.

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Conclusion

As an NRI, you can invest seamlessly in Indian mutual funds on the iNRI platform. Once your onboarding is complete, you can go through the different fund themes (categories), add the funds to the cart after analyzing the funds, and proceed further.

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Alternatively, if you are new to investing in Indian mutual funds or have little time to dedicate to fund analyses, you can use the iNRI’s 'Smart Investing Tool' for fund recommendations.

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How To Open An Account And Invest Through iNRI?: Frequently Asked Questions (FAQs)

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Why should I opt for a 'Smart Investing Tool'?

The 'Smart Investment Tool' is an AI (Artificial Intelligence) - powered investment return calculator that helps you choose and allocate your investments accordingly. The tool can act as a guide and helps you make better-informed decisions.

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Are exploring different fund themes and using smart investing tools the same?

Exploring different fund themes is mostly about choosing the funds manually based on your preferences and interests. On the other hand, a smart investing tool is an AI-powered tool that calculates and suggests investments based on your risk tolerance and holding period.

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Is completing KYC mandatory before investing in Indian mutual funds through iNRI?

Yes, you need to be KYC compliant to invest in Indian mutual funds. Providing the necessary KYC details can take less than five minutes. 

Here's a KYC demo video for you.

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Is investing through iNRI completely online?

Yes, investing through iNRI is completely online and it only takes less than five minutes to fill out the necessary details to onboard on the platform.

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What documents do I need for investing through iNRI?

While onboarding on the iNRI platform, you need to keep the following documents,

• PAN Card
• Aadhaar Card (recommended)
• Passport size photo
• OCI Card (for Non-Indian passport holders)
• Overseas address proof
• Passport
• Hand signature photo

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Are my investments safe with iNRI?

Yes they are safe, at no point in time iNRI will hold your investments. When you invest in a fund, the amount is directly paid to the AMCs and credited back into your NRO or NRE bank account whenever you redeem the funds.

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iNRI is a platform that assists you in buying, viewing and redeeming funds. All the mutual fund investments are managed by AMCs (Asset Management Companies) or fund houses. 

Techbloom India Pvt. Ltd. (goinri.com) is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 273414.