Viewing profile — nish93

Looks interesting, been noodling with some voice bots, let me try this out

8621 is hard because the calculations are complex and there are a lot of edge cases, however, once you codify those, it's just a formula. Hence, we use this formula to generate a f…

Yes we have written about 8621 in our blogs, we help in the documentation that individuals require to be compliant for FBAR and PFIC. Post the zero interest rate regime, it's unlik…

There are many Indians living abroad, getting started and taking care of their Indian finances while abroad has been tricky and labor intensive. We solve that problem through a wea…

Less than 4 hours to go for the event. See you all Bay Area folks at Hacker Dojo today! We and some Indian snacks will be waiting :')

This is also a more efficient way of investing, which leads to higher returns because of low tracking errors. The fee more than covers for itself with the return delta you get here…

That's true, but going to India is not frequent for a lot of NRIs/OCIs. Also, NRO account essentially means you are putting restrictions on repatriation of that money. For people w…

Go Green ;) Thanks, let us know if you have any feedback!

Yes, on point, we plan to post all of it on our blog ( https://www.goinri.com/blog )

We think the market for Indian residents is fairly saturated, lot of upgrades in the last 5 years and already some products which do this. But NRIs/OCIs are still underserved

You can apply for a PAN card if you are an OCI holder. Refer to form 49AA here - https://www.protean-tinpan.com/services/pan/pan-index.html This can be done online, attestation wil…

Agreed with points on tax and repatriation, that is a core part of the service. On the depreciation, most of the depreciation has happened in the zero interest rate environment, wh…

Over the last 20 years, NIFTY has had a CAGR of 15%. Currency depreciation was 3% every year. So a net gain of 12%. Compared to this, S&P500 CAGR was 7%. We are not talking about s…

Thanks, if you're interested, do sign up and upload your docs to get started

1. Their tracking error (because of frequent currency transactions + cash requirements) cumulates to a large underperformance vs investing directly. In the last 5 years, there's a …

Firstly, opening account with Zerodha requires physical paperwork. "Non-Resident Indian (NRI) Zerodha accounts can only be opened offline, unlike regular accounts." https://support…

It is not mandatory for NRIs, only indian residents. Refer below: Aadhaar-PAN linkage requirement does not apply to any individual who is: Residing in the States of Assam, Jammu an…

Agreed with this comment, the 5% is applicable for Indian residents, not NRIs. If the tax status and bank account was not updated to NRI, this would have been incurred.

Hmm, we have tiers that reduce the % once your AUM grows. How much monthly fee would you pay btw?

It would, unfortunately, the bank account creation requires PAN card (Indian financial identity document) which you cant get if you dont have any ties to India.

No, since you are an expat, this rule doesn't apply to you while remitting back your profits. Your capital will go back to your NRE account once you exit your investments, (assumin…

Thanks for the amazing response and great questions so far! Just to add - if you are in Bay Area, we are doing an event to clarify all these and similar doubts here - https://lu.ma…

We charge a flat 1% advisory fees for all capital invested through us, we have an early bird offer running that waives this off for the first year.

No, it's the reverse of Vested. Vested is for Indian residents to invest in US, we are for global NRIs to invest in Indian financial instruments.

A few comments on this 1. Yes it's true that INR has depreciated vs $. But all of that depreciation has been coming in the zero interest regime we have been in the last decade. If …