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Benefit from the  
        India growth story

Invest in Indian Mutual Funds

FIND THE BEST MUTUAL FUNDS FOR YOUR NEEDS

bank grade security

Convenient

100% Paperless

100% FATCA Compliant

Do everything online.

Life time protection
Safe

Bank grade security

BSE Payment Gateway

convinience
Trusted Advisory

SEBI Registered Advisors

Investment Strategy used by Millionaires

Why should you Invest in Indian mutual funds?

Fastest Growing Economy

in the World

  • Highest GDP growth rate in the world
  • Expected to take 8 years to become $5 trillion from a $2.8 trillion economy by 2025 (third largest in the world)

Stable Currency,

helps with diversification

  • Rupee has performed exceptionally well against the dollar as compared to other currencies
  • Invest in India to diversify your investments

Booming Stock

Market Capitalization

  • Market Capitalization expected to grow 3-4 times by 2025
  • Mutual Funds AUM expected to increase 7 times in the next 8 years

Reaping the rich

Demographic Dividend

  • Fastest growing consumer Market
  • Rising incomes fuel demand for goods and services

LET'S RESOLVE SOME OF YOUR DOUBTS: FAQs

Investing in Indian Mutual Funds was

painful due to tedious paperwork,

offline investments, redemptions and tracking.

Not Anymore.

INVEST IN 5 MINUTES!

WITHDRAW ANYTIME

Zero Hassle.

How can NRIs start investing in Indian Mutual Funds?

Simply register on Upwardly and get started in under 5 mins! If you have a valid PAN Card and hold an NRE/NRO account, you can start investing through us. We at Upwardly, will also get your KYC(Know Your Customer) done, 100% online, for FREE.

What is FATCA and how is it applicable to Mutual Funds investments in India? Can US/Canada NRIs invest in Indian Mutual Funds?

Foreign Account Tax Compliance Act (FATCA) is a US government tax policy to which India is also a signatory. As per this act, the Indian Financial Institutions like Indian Mutual Funds are required to report investment transactions of US Persons and Entities to the US government. These transaction reporting is used by the US government to determine the tax liability of their persons and entities as per their domestic tax policies and laws. Due to this, all Indian Investors including NRIs are required to declare FATCA details at the time of their investments to the Mutual Fund houses.
And yes, US/Canada NRIs can invest in indian Mutual Funds.

What is the documentation required to Invest in Indian Mutual Funds for NRI Investors?

The following documents are required to invest in Mutual Funds in India:

  1. Pan Card Copy
  2. Passport Copy (Front and Back page)
  3. Foreign Address proof/ Indian Address proof (For ex: if passport has foreign address then provide Indian Address proof)
  4. Bank Proof (cancelled cheque or latest bank Statement from NRE or NRO Account)
  5. Person of Indian origin (PIO) or Overseas Citizen of India (OCI) certificates. This is only required for investors who are not Indian Nationals.
You can just upload these documents on Upwardly and we will do the rest.

What is the taxation for NRIs in India for investing in Indian Mutual Funds?

Taxation for NRIs for investing in Indian Mutual Funds is same as taxation of resident Indians. The only difference is that there is a 10% TDS (Tax Deducted at Source ) for NRIs at the time of redemptions.
Equity investments in India are taxed at 15% for short term (less than 1 year of holding) and 10% for the long term (more than 1 year of holding).
Debt investments in india are taxed as per the tax slab for the short term (less than 3 years of holding) and at 20% post indexation benefits for the long term (more than 3 years of holding). The tax indexation benefit is a great way to reduce your tax outgo and generate much better returns than Fixed Deposits for NRI clients.
India has signed this treaty with the US & Canada, so any tax paid in India can be claimed as relief in the US/Canada tax returns. Click here to find if your India has a DTAA treaty with your tax-residency- country.

Which bank account is required to invest in Indian Mutual funds?

NRIs can invest through either NRE or NRO account in Indian Mutual Funds. While creating an account with Upwardly, you can choose either of the two options. NRIs who wish to invest through both NRE and NRO account can invest through two separate accounts (one for NRE and other for NRO) by getting in touch with Upwardly customer care.

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Fund Partners

Axis
BOI
Bnp
Edelweiss
Canara
fraklin
HDFC
LnT
Invesco
Icici
birla
uti
Kotak
reliance
hsbc
mirae
tata
sbi
motilal
lic
dsp
idbi

Platform Partners

SEBI
SEBI Registered Investment Advisors
INA200006804
AMFI
AMFI Registered Distributor
ARN-112426
Gateway
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