What is the procedure to follow if tax status of the Existing FundsGenie Investment change ?

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1. Resident to NRO
   

1. Stop Existing Transactions Under Resident Status

• Cancel all SIPs running under the resident client code.
• Cancel the existing mandate linked to the resident client code.

2. Update Platform Membership

• Activate your FundsGenie membership under NRO status through FundsGenie.

3. Update Folio Status with AMCs

• For physical folios, contact each AMC/RTA  and request a status change from Resident to NRO.
• For demat folios, collect RO DEMAT  CML  and coordinate with MF BO team, for tax status change in RTA .

4. Activate New NRO-Based Investments

• After your FundsGenie membership is activated in NRO status:
  * Create a new mandate under the NRO status.
  * Set up new SIPs.

• New SIPs can be placed from My Portfolio as additional SIPs.