US discount brokers operating in India

[royatirek]

Mutual Fund specific to Foreign Giants

Point 1 Please look into the taxes on those mutual fund exposed to the foreign stocks. According to the new rules that come into effect from April 1, mutual funds with less than 35% investment in equities will be taxed short-term capital gains (STCG) based on income tax slab levels, similar to how bank fixed deposits are taxed. Point 2 If you are applying directly through indmoney or vested, there are compliances. Major compliances are 1. Filing ITR 3 every year till you hold foreign asset…