Army soldiers who meet the requirements to be considered Non-Resident Indians (NRIs) under FEMA regulations are permitted to invest in mutual funds from overseas. But there are a few important things to remember:

• Non-Resident External (NRE) or Non-Resident Ordinary (NRO) accounts are required for any investments in India.
• KYC Compliance: As an NRI, you must fill out NRI-specific KYC forms using information such as your passport, PAN card, and abroad address.
• Restricted Countries: For regulatory reasons, some AMCs do not accept investments from certain U.S. and Canadian NRIs, therefore some of them may be subject to limits
• Tax Implications: Depending on the fund type and holding duration, NRIs are subject to different Indian taxes regulations regarding capital gains from mutual funds.

Make sure your bank and mutual fund company accept NRI investments if you’re stationed overseas and want to make an investment. For a seamless experience, the staff at BFC Capital can help you navigate the procedure..

Indeed, one of the greatest methods to save for your child’s education is through mutual funds. This is the reason they make sense:

Greater Potential for Growth Equity mutual funds have historically offered greater long-term returns than conventional savings solutions like fixed deposits, assisting you in staying ahead of inflation.

Flexible Contributions: As your income rises, you can raise your initial investment amount.

Tax Benefits: Compared to many other savings choices, equity mutual funds are more tax-efficient since long-term capital gains (beyond ₹1 lakh) are only taxed at a rate of 10%.

Power of Compounding: Your money will increase over time the earlier you begin. A sizable school fund may be established with even modest, regular investments..

Your investing path doesn’t have to be interrupted by frequent transfers. Since mutual funds are meant to be flexible, administering them is now simpler than ever thanks to digital investing platforms.

The Prodigy Pro app from BFC Capital allows you to: Invest from Anywhere — Purchase, sell, or monitor your assets online.

Automate Your Investments: Put SIPs in place to invest funds automatically, eliminating the need for human intervention.

Get rid of paper. Everything is done online, including cash transfers and account creation, so there’s no need for paper documentation.

Take Advantage of Control and Liquidity Regardless of where you are assigned, you can pause, switch, or redeem investments as needed.

Even if your location changes frequently, mutual funds make sure that your financial objectives remain on course.

Although they are unable to make direct investments on your behalf, your spouse or dependents but they can still open a joint account wit you and can invest from it.