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If the money goes back to my NRE account, then I (as a PAN card holder) can myself have an NRE account, tied to a brokerage firm like Zerodha and I can trade a
by codecutter 3y ago
If the money goes back to my NRE account, then I (as a PAN card holder) can myself have an NRE account, tied to a brokerage firm like Zerodha and I can trade and manage my money there myself much more efficiently and at negligible cost?
What is the value proposition you are offering by charging 1% management fee?
- nish93 3y agoFirstly, opening account with Zerodha requires physical paperwork. "Non-Resident Indian (NRI) Zerodha accounts can only be opened offline, unlike regular accounts." https://support.zerodha.com/category/account-opening/nri-account-opening/articles/how-to-open-an-account-as-a-nri https://support.zerodha.com/category/account-opening/nri-acc... Secondly, we are not just a way to invest faster but also offer continuous rebalancing services, and are an end to end platform for NRIs along with taxation and repatriation support.