Investing in India as an NRI can feel complicated. Bank accounts, taxation, PFIC rules, and even the country you live in can change your strategy. In this episode of Mint ExtraClass with Belong, experts break it all down and share clear, practical insights.

Here’s what you’ll learn:

Investment strategies for NRIs returning to India vs. those staying abroad
Why RNOR (Resident but Not Ordinarily Resident) status matters for tax planning
NRO vs. NRE bank accounts and when to use each
The impact of PFIC rules for US-based NRIs and how to invest around them
Capital gains taxation for NRIs and the role of DTAA agreements
How GIFT City offers a tax-efficient, USD-denominated route for NRI investments
Comparison of NRI investment options: mutual funds, US-based ETFs, and GIFT City AIFs

These insights will help you avoid unnecessary taxes, manage compliance, and invest smarter across borders.

Chapters:

(00:03) Introducing Belong: Investment app for NRIs

(01:52) Understanding why NRIs should invest in India (diversification)

(03:54) Exploring investments via NRE or NRO accounts

(07:47) Learning how to invest in mutual funds

(09:07) Understanding PFIC rules for US-based NRIs

(12:41) Setting up NRI Demat accounts: PIS or Non-PIS

(16:40) Calculating capital gains tax on Indian investments (after 23 July 2024)

(18:55) Reducing tax liabilities with DTAA

(23:20) Considering offshore investment options for NRIs: GIFT City

(24:40) Examining GIFT City benefits for NRIs

(26:20) Reviewing GIFT City India feeder funds (AIFs)

(28:25) Comparing India-based MFs, US-based India ETFs, and GIFT City-based AIFs

Featuring:

Ankur Choudhary, Co-Founder & CEO, Belong

Neil Borate, Deputy Editor, Mint

Amrendra Bhushan Shukla, Growth Manager – User, Mint (Host)

About Belong

Belong is a fintech platform built for NRIs who want to invest in India with clarity and confidence. From USD Fixed Deposits to GIFT City Mutual Funds, Belong connects global income with Indian opportunities without the NRO, NRE or PIS maze.

Explore Belong:

Website: https://getbelong.com

App: https://app.getbelong.com/LywZ/YT

Instagram: https://www.instagram.com/getbelong

LinkedIn: https://www.linkedin.com/company/getbelong

X: https://x.com/GetBelong

Join our WhatsApp community: https://chat.whatsapp.com/DNUCY6cgCfKIYaNivvbEOA

Subscribe for more helpful videos on NRI investing, taxation, and financial planning.