Index funds recommendation for NRI

Trading
1

Hi,

I am a US citizen and want to invest in index funds in india. I had a few questions:

  • I am thinking of Nifty ETF (SETFNIF50). Is that the best index fund to invest?
  • (noob question) Does it matter whether you buy from NSE/BSE ?
  • Is it possible to setup SIP to buy index funds for NRI?

Thanks,

2

You are not an NRI. NRI means non resident Indian. So NRI rules won’t apply for you.

NSE/BSE are just 2 different exchanges, with many common stocks and ETFs listed on both. So you can buy on one and sell on another. NSE is bigger than BSE so has more people ready to buy, sell, etc. More liquidity

Zerodha allows you to do SIP into an ETF or a stock. But not sure whether Zerodha can be used by US citizens.

3

not really. usually, NSE is more liquid and tends to have lesser impact cost.

Yes, should be possible. Try direct on AMC website.

4

I have an OCI, not sure if that makes any difference.

5

Also, thoughts on SETFNIF50. Is that good enough or would you recommend any other index fund?