Please go to the "My Account" section - you can see it in the menu on the top left portion of the screen.

Once there, go to "Edit Your Information", and provide the new password (twice) at the bottom of the screen.

Then, click the "Save Changes" button.

Hi Santy,

A very valid question.

The scenario for investment in India by NRIs from USA is not very good. The information about investing in India is not readily forthcoming, and whatever is available, is not very clear. Institutions too have unclear rules – for example, some MFs like Franklin Templeton, Fidelity and DSP ML have clear rules that US NRIs can’t invest in their schemes, but other MFs are less than clear about this.

Anyway, the conclusion is this: Investing in India on a non-repatriable basis is not difficult. You need an NRO bank account, a PAN number and a demat account. You also need a trading account with a broker. Then, you can invest in Indian equities by placing orders with the broker.

It might also be possible to invest using an NRE account and a demat account, but at his time, I do not have enough information about it.

I would write a detailed article on this topic once I have enough information. Please keep checking this website.

If a reader knows more about this subject, I request her / him to provide the details in the comments.

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Other good options:

(A) If you want to invest in the leading, large cap stocks from India, there are some domestic (USA) options available to you.

One is to invest in the ADRs of the companies listed in the USA. Some of the finest Indian companies have listed their ADRs in the USA, some very good examples being ICICI Bank, Infosys Technologies, Tata Motors and Dr. Reddy’s Labs. Of course, your investment universe would be limited to the companies who have issued ADRs, but there are two advantages – One, these are some of the best Indian companies, and, two, investing in ADRs is very straight forward and easy.

The other option is to invest in India through a fund.

One very good fund is the Matthews India Fund, or MINDX. It is a fund that invests in the large cap companies from India, and has given returns very much in line with the returns provided by the Indian markets in general.

You can find more information on MINDEX at (1) http://finance.yahoo.com/q/hl?s=MINDX , or (2) http://quicktake.morningstar.com/FundNet/Snapshot.aspx?Country=USA&Symbol=MINDX

Another good fund is “iPath MSCI India Index ETN”, or INP. It is an Exchange Traded Fund (ETF). It has given a return of 87% in 2007, again in-line with the India stock markets.

You can find more information on INP at (1) http://seekingalpha.com/symbol/inp , or (2) http://finance.yahoo.com/q?s=inp

India Fund, Inc. (IFN), which is managed by the Blackstone Group, is a close ended fund and is another good option.

You can find more information on IFN at http://finance.yahoo.com/q?s=ifn

(B) If you have large sums of money to invest, you can consider being a private equity investor. Institutions like ICICI Bank provide services to NRI regarding this.

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I would write a detailed article on this topic once I have enough information. Please keep checking this website.

If a reader knows more about this subject, I request her / him to provide the details in the comments.

Dear Vijaya,

The Bhavishya Nirman bond is taxable. The income is treated as Capital Gains in the year of maturity. There is no TDS, though.

These bonds are issued by NABARD. Since it is a government backed institution, these bonds are virtually risk free.

Please read "Bhavishya Nirman Bonds" for more information.

Hi Karthik,

I am afraid I do not have enough knowledge about signatures.

But I would tend to agree with your advisors - having a non-English signature can pose practicle problems, especially because you are an NRI operating outside India.

At the least, you might need endorsement / notorization of your signature.

I too would request you to think hard before changing yuor signature to a vernacular language.