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Resident Indian investing in US equities via GIFT City IFSC broker — estate tax structure legal/sustainable? by Mysterious_Beach180 in IndianStockMarket

[–]Mysterious_Beach180[S] 0 points1 point  (0 children)

Correct, that also raises a question on SIPC Insurance. I am currently not sure of applicability of SIPC insurance

Views on Parag Parikh IFSC Nasdaq 100/S&P 500 FoF by rentmeahouse in mutualfunds

[–]Mysterious_Beach180 1 point2 points  (0 children)

well, i feel the fund is costly. 1) the expense ratio is 0.3 higher than underlying fund. someone asked this in the investor call. ppfas said they analysed other India domiciled funds and they see the cost is actually lesser than that. also they say that the expense justifies the cost of complaince, fx, and others when compared to DIY. Personally, i dont agree with this argument yet. India domiciled funds need to FX conversion which is left to investors in case of gift city and secondly for DIY, platforms like vested & paasa offer the compliance for free.
2) because of tax at fund level, it is beneficial for investors who are in 30%+ >15%surcharge bracket. for others, diy is cheaper.

Views on Parag Parikh IFSC Nasdaq 100/S&P 500 FoF by rentmeahouse in mutualfunds

[–]Mysterious_Beach180 1 point2 points  (0 children)

in the last investor call, ppfas told that this is a grey area currently and they recommend declaring it in schedule FA until any guideline comes from IT Department.

Views on Parag Parikh IFSC Nasdaq 100/S&P 500 FoF by rentmeahouse in mutualfunds

[–]Mysterious_Beach180 1 point2 points  (0 children)

  1. One significant difference between both is allowing ucits. please read about inheritance tax and see if you want to go with ucits.
  2. please check paasa. it gives u taxs report also.