Franklin Build India Fund: Prime Investment for NRIs

Maximize Your Earnings with Strategic NRI Investments in India
January 11, 2024
12
min read
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Introduction to Franklin Build India Fund for NRIs

Investing in the burgeoning markets of India presents a significant opportunity for Non-Resident Indians (NRIs) looking to contribute and benefit from their home country's economic growth. The Franklin Build India Fund emerges as an attractive vehicle for such investments, especially given its focus on the sectors poised to be at the forefront of India's developmental surge, such as infrastructure, energy, banking, and construction.

The Strategic Scope of Franklin Build India Fund

NRIs have the opportunity to invest in a mutual fund that is strategically positioned to capitalize on India's infrastructural projects and reforms. This equity fund predominantly parks its assets in shares of companies dealing with infrastructure and related activities. The rationale behind this being the Indian government's continuous push in bolstering the infrastructure of the country, which bodes well for long-term economic benefits and growth prospects.

The Investment Process and Fund Management

The Franklin Build India Fund is managed by a team of seasoned professionals who employ a hybrid research methodology combining macroeconomic analyses with in-depth company evaluations. This approach allows for a diversified portfolio that not only captures growth in the pure-play infrastructure segment but also in ancillary sectors that are likely to grow in tandem with infrastructural developments.

Risk and Reward Profile

As with any equity mutual fund, the Franklin Build India Fund for NRIs comes with its set of risks, including market volatility and regulatory changes. However, the potential for elevated growth in a fast-developing economy like India may offer compelling rewards that align with the higher-risk appetite of some NRI investors. It is essential for NRIs to assess their individual risk profiles and investment horizons before committing capital to such funds.

Tax Implications and Compliance for NRIs

Investing in India's mutual funds, such as Franklin Build India Fund, necessitates a clear understanding of the regulatory landscape and tax implications. Depending on the country of residence, NRIs are obliged to adhere to the tax laws governed both by India and their resident nation, and are encouraged to avail services from financial advisors or tax consultants for a seamless investment journey.

How to Invest in Franklin Build India Fund?

NRIs looking to invest in the Franklin Build India Fund can do so through designated NRE (Non-Resident External) or NRO (Non-Resident Ordinary) accounts, ensuring compliance with the Foreign Exchange Management Act (FEMA) and fulfilling all Know Your Customer (KYC) norms. It is now easier than ever to participate in India's growth story through digital platforms that streamline the investment process for the global Indian diaspora.

Conclusion

In conclusion, the Franklin Build India Fund represents a gateway for NRIs to tap into the potential of India's infrastructural advancements. With a judicious investment strategy and a clear understanding of the risks and rewards, this fund can be a valuable addition to an NRI's investment portfolio. As India continues to pave its path toward becoming an infrastructure powerhouse, NRIs have the chance to grow their wealth alongside their nation's progress.

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