POSTED BY May 16, 2012 8:22 pm COMMENTS (3)ON
I have recently moved to Singapore and will be working there for at least the next 03 years.I have 4 SIPs running in India at the moment which I had started in 2009-10 including HDFC Top 200 and Equity Fund,IDFC premier equity and UTI Dividend Yield Fund.
Q 1. Does it make sense to make ADDITIONAL investments in MFs in Singapore or is it better to send the money back to India and make additional investments into my existing SIPs ?
( Savings bank interest rates in Singapore are laughably low!)
Q 2. If I do move money back to India , do I need to pay and file IT returns ?