Mutual Funds:

NFS Certified Marketing Executives / Relationship Managers of our Bank offer you advice on the entire universe of mutual funds. Whether you look for growth and capital appreciation or capital preservation, our relationship managers will help you in identifying the funds that suit your objective and risk appetite through a scientific approach.

Structured products:

Our Structured Product offerings are tailor-made to suit your investment objective and risk appetite. Our Services include Portfolio Investment Services for Mutual Fund and stock related investments.

Equity:

BBK has entered into an arrangement with Geojit BNP Paribas Fiancial Services Ltd. This association will provide the bank’s clients the opportunity to diversify their holdings through investments in the Indian stock market and mutual funds. Services offered include Portfolio / Investment, Investment in Indian Equity Market, DEMAT account, Offline Share Transactions.

Investment Schemes for Non Resident Indians : Bank of Bahrain & Kuwait has dedicated team of Relationship Mangersto handle the investment needs of NRI customers. BBK offers NRE, NRO savings and term deposits, accounts Foreign currency accounts namely FCNR, RFC, etc. Investments on repatriation basis : Government dated securities/treasury bills. Units of domestic mutual funds. Bonds issued by a public sector undertaking (PSU) in India. Non-convertible debentures of a company incorporated in India. Shares in Public Sector Enterprises being dis-invested by the Government of India, provided the purchase is in accordance with the terms and conditions stipulated in the notice inviting bids. Shares and convertible debentures of Indian companies under FDI scheme (including automatic route & FIPB). Shares and convertible debentures of Indian companies through stock exchange under Portfolio Investment Scheme. Perpetual debt instruments and debt capital instruments issued by banks in India. Investments on non-repatriation basis :

  • Government dated securities (other than bearer securities)/treasury bills.
  • Units of domestic mutual funds.
  • Units of Money Market Mutual Funds in India.
  • The capital of a firm or proprietary concern in India, not engaged in any agricultural or plantation activity or real estate business.
  • Deposits with a company registered under the Companies Act, 1956 including NBFC registered with RBI, or a body corporate created under an Act of Parliament or State Legislature, a proprietorship concern or a firm out of rupee funds which do not represent inward remittances or transfer from NRE/FCNR(B) Accounts into the NRO Account.
  • Commercial Paper issued by an Indian company.
  • Shares and convertible debentures of Indian companies other than under Portfolio Investment Scheme.

Investments on non-repatriation basis:

  • Government dated securities (other than bearer securities)/treasury bills.
  • Units of domestic mutual funds.
  • Units of Money Market Mutual Funds in India.
  • Non-convertible debentures of a company incorporated in India.
  • The capital of a firm or proprietary concern in India, not engaged in any agricultural or plantation activity or real estate business.
  • Deposits with a company registered under the Companies Act, 1956 including NBFC registered with RBI, or a body corporate created under an Act of Parliament or State Legislature, a proprietorship concern or a firm out of rupee funds which do not represent inward remittances or transfer from NRE/FCNR(B) Accounts into the NRO Account.
  • Commercial Paper issued by an Indian company.
  • Shares and convertible debentures of Indian companies other than under Portfolio Investment Scheme.

Investment in Properties:

An NRI can acquire immovable property in India other than agricultural land/ plantation property or a farm house out of repatriable and non-repatriable funds.

In respect of such investments NRIs are eligible to repatriate sale proceeds of immovable property acquired in India to the extent of repatriable funds used for acquiring the property, up to two residential properties. The balance will be repatriable through NRO Account subject to conditions that:

Refund of:

  • application / earnest money / purchase consideration made by house- building agencies/seller on account of non-allotment of flats / plots and
  • cancellation of booking/deals for purchase of residential/commercial properties, together with interest, net of taxes, provided original payment is made out of NRE/FCNR(B) account/inward remittances.

Housing Loan in rupees availed of by NRIs from ADs / Housing Financial Institutions can be repaid by the close relatives in India of the borrower.

Disclaimer:
Mutual Funds and securities investments are subject to market risks, please read the offer document carefully before investing. There is no assurances or guarantees that the objectives of the Scheme(s) will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme(s) can go up or down depending on the factors and forces affecting the capital markets. Past performance of the Sponsor/AMC/Mutual Fund is not indicative of the future performance of the Scheme.

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