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by codecutter 1171 days 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?
1 comments
nish93 1171 days ago
Firstly, 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-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.

link