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EARN MORE INTEREST ON RUPEE/ FOREX DEPOSITS WITH LEADING BANKS / MFs IN INDIA

The core team of nribanks.com comprises of practicing Chartered Accountants having many years of experience of advising Indians abroad in matters pertaining to Foreign Exchange Laws, Tax Laws, Banking Regulations & Opportunities.
The BANK BUREAU at nribanks.com brings you TAX-FREE options of best interest rate package from amongst various banks and leading Mutual Funds (MFs) in India to enhance your earnings on your RUPEE and FOREIGN CURRENCY Deposits.
Said deposits/bonds earn Interest/dividend exempt for Income Tax and of course with all deposits/bonds ; interest & principal, both are fully repatriable.

I. NRE & NRO Savings to Floating Rate Funds.

II. MFs - Arbitrage Funds - an excellent alternative beating NRE / NRO interest rates

III. MF Equity Schemes & BSE, NSE, FTSE , Dow Jones - 1 / 2 / 3 Years Rolling Performance as on 30.09.2009.

I. NRE & NRO Savings to Floating Rate Funds :
We suggest investment of NRE & NRO Savings balances to Floating Rate / Liquid Funds for incremental tax - free income & Liquidity.

1. Mutual Funds' Floating rate / liquid fund schemes with ans ' objective is to generate regular income through investment in Money market and Debt Instruments are better alternative for balances held in NRE and / or NRO Savings Accounts.

2. The investment port-folio consists of Government Securities , Bank deposits, deposits with Public Sector and Private Sector companies, which provides regular income and high security.

3. Under the dividend option, the investors' income by way of dividend remains tax free as the Mutual Fund is required to pay dividend distribution tax - presently, at app. 13%. The floating rate fund also offer unique option of daily dividend reinvestment plan.

OPTION / PARTICULARS	MF FLOATING RATE	NRO Savings A/c.	NRE Savings A/c.
Security	Secured. Investment in Govt. securities, Bank & Corpo. Deposits	Also secured.	Also secured.
Security Insurance	Nil	Rs.1 lakh per person	Rs.1 lakh per person
Yield/Return	App. 5.50% to 6 %	3.50%	3.50%
Tax	Dividend tax-free	Interest taxable	Interest tax free
TDS	Nil	30.60%	Nil
Premature Withdrawal for Penalty / Liquidity	Daily Dividend & Total liquidity	Interest paid only on Balance held bet. 10th and end of month	Interest paid only on Balance held bet. 10th and end of month
Investment Objective	Stable income with low risk	Profit-making with medium risk	Profit-making with medium risk
Incremental Return	Possible - rising Interest conditions.	Not Possible- Fixed return	Not Possible- Fixed return

II. MFs - Arbitrage Funds - an excellent alternative beating NRE / NRO interest rates.

Arbitrage Fund makes the most of the difference across markets by investing in cash and futures market in a diversified basket of equity & equity related instruments, derivative and debt and money market instruments in accordance with asset allocation pattern. Unlike NRE/NRO Fixed deposits Arbitrage funds can be liquidated any time or once a month in some cases. And moreover the dividends are totally TAX FREE and both the principal and dividend are fully & freely repatriable too.

Returns of Arbitrage Funds [ Gr. ] annualized as on 30.11.2009
Arbitrage Funds	NAV	3 Months	6 Months	1 Year	2 Years	3 Years	Redemption
IDFC Arbitrage Fund	12.13	3.48	4.00	4.28	5.87	N.A	Anytime after 1 mnth
IDFC Arbitrage Plus Fund	10.98	2.88	4.40	5.82	0.00	N.A	Anytime after 1 mnth
Religare Arbitrage Fund	11.97	3.16	4.12	4.93	6.88	N.A	After 6 mnths But last thurs of the month - submission before a week
SBI Arbitrage Opportunities Fund	12.51	3.80	4.34	4.93	6.64	8.00	After 6 mnths But last Fri of the month - submission before a week

III. MF Equity Schemes & BSE, NSE, FTSE, Dow Jones - 1 / 2 / 3 Years Rolling Performance as on 30.11.2009:

Rank	1 year - Gain		2 years - Gain		3 years - Gain
Rank	Fund Name	Gain %	Fund Name	Gain %	Fund Name	Gain %
1	ICICI Prudential Discovery Fund	150.07%	Franklin PHARMA FUND	67.33%	Reliance Diversified Power Sector Fund	105.32%
2	Kotak Global India	137.83%	Birla Sun Life Dividend Yield Plus	19.05%	IDFC Premier Equity Fund	92.03%
3	Birla Sun Life Midcap Fund	127.62%	ICICI Prudential Discovery Fund	17.87%	Uti - Dividend Yield Fund	67.28%
4	SBI - Magnum Global Fund	123.43%	Franklin INFOTECH FUND	17.33%	Birla Sun Life Dividend Yield Plus	61.75%
5	SBNPP Select Midcap	123.42%	HDFC Top 200 Fund	11.24%	HDFC Top 200 Fund	58.71%
6	Principal Large Cap Fund	123.38%	Uti - Dividend Yield Fund	10.21%	Birla Sun Life Midcap Fund	57.88%
7	HDFC Equity Fund	120.15%	HDFC Equity Fund	8.71%	Franklin PHARMA FUND	57.64%
8	Tata Service Industries Fund	120.12%	IDFC Premier Equity Fund	5.48%	DSP BlackRock Top 100 Equity Fund	55.82%
9	Franklin PHARMA FUND	118.46%	SBI - Magnum Sector Funds Umbrella Pharma	4.12%	Reliance Growth Fund	54.82%
10	HDFC Core and Satellite Fund	117.84%	ICICI Prudential Dynamic Plan	2.91%	HDFC Equity Fund	51.50%
11	Uti Master Value Fund	116.99%	DSP BlackRock Top 100 Equity Fund	1.70%	ICICI Prudential Infrastructure Fund	50.92%
12	Franklin India PRIMA FUND	114.10%	Reliance Diversified Power Sector Fund	0.19%	Principal Large Cap Fund	42.32%
13	Canara Robeco Emerging Equities Growth Fund	112.93%	Birla Sun Life Midcap Fund	-1.84%	TATA Pure Equity Fund	40.90%
14	SBI - Magnum Sector Funds Umbrella - IT	112.42%	Uti Master Value Fund	-2.04%	SBI - Magnum Sector Funds Umbrella Contra	40.07%
15	TATA Select Equity Fund	111.97%	Franklin India BLUECHIP FUND	-2.57%	SBNPP Select Midcap	40.02%
16	IDFC Premier Equity Fund	111.22%	SBNPP Select Midcap	-2.78%	HDFC Capital Builder Fund	39.26%
17	ICICI Prudential Emerging STAR	111.00%	Kotak Global India	-2.93%	ICICI Prudential Discovery Fund	39.02%
18	Reliance Equity Opportunities Fund	110.45%	Reliance Growth Fund	-3.31%	ICICI Prudential Dynamic Plan	37.85%
19	HDFC Premier Multi-Cap Fund	108.05%	TATA Pure Equity Fund	-5.71%	SBNPP Select Focus	37.73%
20	Reliance Diversified Power Sector Fund	103.58%	SBI - Magnum Sector Funds Umbrella Contra	-5.88%	Franklin India PRIMA PLUS	37.40%
21	HDFC Top 200 Fund	103.55%	Franklin India PRIMA PLUS	-6.38%	Franklin India BLUECHIP FUND	37.29%
22	Birla Sun Life Basic Industries Fund	102.69%	HDFC Core and Satellite Fund	-6.93%	SBI - Magnum Multiplier Plus Scheme 93	36.40%
23	TATA Equity Opportunities Fund	102.45%	Franklin India Flexi Cap Fund	-7.49%	Kotak 30 Equity Scheme	36.05%
24	Reliance Growth Fund	101.97%	Reliance Equity Opportunities Fund	-8.19%	Uti Master Value Fund	34.13%
25	HDFC Capital Builder Fund	99.83%	DSP BlackRock Technology.com Fund	-8.31%	Reliance Vision Fund	34.04%
26	ICICI Prudential Technology Fund	99.68%	HDFC Premier Multi-Cap Fund	-8.53%	Tata Infrastructure Fund	32.89%
27	Birla Sun Life Dividend Yield Plus	98.74%	Tata Service Industries Fund	-8.54%	Birla Sun Life Basic Industries Fund	32.84%
28	SBI - Magnum Sector Funds Umbrella Contra	96.93%	Reliance Vision Fund	-9.53%	Kotak Global India	32.68%
29	DSP BlackRock Technology.com Fund	95.75%	HDFC Capital Builder Fund	-10.09%	Franklin India Flexi Cap Fund	30.36%
30	Franklin India Flexi Cap Fund	95.12%	DSP BlackRock Opportunities Fund	-10.17%	DSP BlackRock India T.I.G.E.R. Fund	30.10%
31	SBI - Magnum Multiplier Plus Scheme 93	95.10%	Principal Large Cap Fund	-10.95%	DSP BlackRock Technology.com Fund	29.90%
32	Infrastructure & Services Industries Fund	94.50%	ICICI Prudential Power	-12.25%	DSP BlackRock Opportunities Fund	29.75%
33	Franklin INFOTECH FUND	94.25%	Kotak 30 Equity Scheme	-12.26%	TATA Equity Opportunities Fund	28.71%
34	Birla Sun Life Advantage Fund	93.12%	ICICI Prudential Technology Fund	-12.40%	HDFC Premier Multi-Cap Fund	28.62%
35	DSP BlackRock Opportunities Fund	92.16%	HSBC Equity Fund	-13.82%	HSBC Equity Fund	28.18%
36	ICICI Prudential Power Growth	91.26%	SBI - Magnum Multiplier Plus Scheme 93	-14.44%	Reliance Equity Opportunities Fund	27.78%
37	Franklin India BLUECHIP FUND	89.49%	ICICI Prudential Infrastructure Fund	-14.78%	HDFC Core and Satellite Fund	24.74%
38	ICICI Prudential Dynamic Plan	89.37%	DSP BlackRock Equity Fund	-14.80%	SBNPP India Leadership Fund	22.18%
39	SBI - Magnum Sector Funds Umbrella Pharma	87.88%	Franklin India PRIMA FUND	-15.35%	IDFC Classic Equity Fund	21.98%
40	TATA Pure Equity Fund	87.69%	Uti Leadership Equity Fund	-16.42%	ICICI Prudential Power Growth	20.94%
41	Uti - Dividend Yield Fund	87.54%	Birla Sun Life Advantage Fund	-16.88%	Uti Leadership Equity Fund	20.44%
42	Tata Infrastructure Fund	87.51%	Birla Sun Life Basic Industries Fund	-16.92%	Tata Service Industries Fund	20.10%
43	DSP BlackRock India T.I.G.E.R. Fund	87.51%	SBI - Magnum Sector Funds Umbrella - IT	-17.20%	Birla Sun Life Advantage Fund	16.21%
44	Reliance Vision Fund Growth Plan	85.71%	SBNPP Select Focus	-17.45%	Infrastructure & Services Industries Fund	14.29%
45	Principal Growth Fund Growth Plan	85.12%	Birla Sun Life New Millennium Fund	-17.57%	Principal Resurgent India Equity Fund	13.18%
46	ICICI Prudential Infrastructure Fund	83.74%	SBNPP India Leadership Fund	-19.74%	TATA Select Equity Fund	12.37%
47	SBNPP India Leadership Fund	83.23%	TATA Equity Opportunities Fund	-19.94%	Franklin India PRIMA FUND	11.37%
48	DSP BlackRock Equity Fund	81.68%	Franklin INDIA OPPORTUNITIES FUND	-20.97%	DSP BlackRock Equity Fund	11.33%
49	DSP BlackRock Top 100 Equity Fund	79.34%	DSP BlackRock India T.I.G.E.R. Fund	-21.08%	Franklin INDIA OPPORTUNITIES FUND	6.56%
50	Franklin India PRIMA PLUS	77.38%	Infrastructure & Services Industries Fund	-21.36%	Canara Robeco Emerging Equities	4.80%
51	BSE	86.15%	BSE	-12.56%	NSE	27.27%
52	NSE	82.67%	NSE	-12.67%	BSE	23.58%
53	FTSE	17.31%	FTSE	-19.31%	FTSE	-14.19%
54	DOW JONES	14.65%	DOW JONES	-33.97%	DOW JONES	-15.36%

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