What is
Mutual Funds
Online Investment?
Online mutual fund investment is a hassle-free method of making your money work for you in a combination of stocks, bonds, or any other financial asset via the internet.
Rather than selecting individual securities, your money will be handled by experts, who will invest your money in various types of securities. With online investment, you have the ability to conduct all activities associated with your investments through the internet.
Curated, SEBI-Regulated Mutual Funds Only
Unlike other platforms, we do not have thousands of funds available. We offer a curated list of SEBI-regulated mutual funds — similar to FMA-regulated funds in New Zealand. Every mutual fund is handpicked for its history, fund manager's experience, and how well it fits various investment objectives.
No Indian Bank Account Needed
The traditional method to invest in India from outside has involved dealing with complicated banking procedures and the KYC process. This is all taken care of for you, and you can make the investment straight out of New Zealand.
Best Foreign Exchange Rates
Sometimes currency exchange rates can have a negative effect on your profitability. Our company offers the best INR/NZD foreign exchange rates to retail investors, keeping more of your money working in the market.
Start Small, Expand Bigger
With us, you can start small and grow your investments gradually; our minimum transaction size starts at NZD$100.
Transparency That Will Leave You With No Doubt
Real-Time Portfolio Tracking
All investors have access to their personal dashboard, which includes information about:
- Current fund positions and valuations
- Performance graphs over time
- Transaction history
- Currency conversion history
Nothing to hide. Everything laid bare for you to see.
Dual Licensing
Icarus Wealth operates under a New Zealand Financial Services Provider licence and works with SEBI-licensed partners in India. Therefore, Your money will be managed according to the compliance requirements of both nations.
New Zealand
Financial Services
Provider
Licence
India
SEBI-Licensed
Partners
Who This Is For
NZ residents looking to diversify internationally
NRIs (Non-Resident Indians) interested in an easy way to invest in their native country
First-time investors who are interested in entering foreign stock markets with ease
Experienced investors interested in curated investment opportunities without the paperwork
How the Platform Works
Create an Account
Simple and fast online account opening process
Deposit in NZD
Your currency is instantly converted using favorable exchange rates
Select Funds
Pick funds from our research-based selection of SEBI-approved mutual funds
Monitor Growth
Track portfolio performance through our real-time dashboard
Benefits for New Zealand Investors
Diversify beyond local and Western markets
Gain exposure to emerging market growth
Reduce FX conversion friction with transparent rates
Access professionally managed portfolios without overseas admin complexity
Enjoy compliant cross-border investing under FMA guidelines
Performance Tracking and Analytics
Our platform provides detailed insights into:
Fund holdings and market exposure
See exactly where your investments are allocated across funds and sectors.
NAV (Net Asset Value) history and performance graphs
Track NAV movements and see performance visualized over time.
Historical returns and changing trends
Analyze historical returns and identify trends that matter.
Transaction and fee transparency
View all transactions and applicable fees with complete clarity.
Types of Mutual Funds Available
| Category | Risk Level | Best For |
|---|---|---|
|
Large Cap Equity
|
Moderate | Long-term wealth building, lower volatility |
|
Mid & Small Cap
|
High | Higher growth potential, longer horizon |
|
Flexi Cap / Multi Cap
|
Moderate–High | Diversified equity exposure |
|
Liquid Funds
|
Very Low | Short-term parking, 1–3 months |
|
Short Duration Debt
|
Low | 6 months to 2 years |
|
Hybrid Funds
|
Moderate | Balanced equity + debt mix |
|
ELSS (Tax Saving)
|
Moderate–High | Tax deduction under Section 80C |
|
Index Funds
|
Moderate | Low-cost, market-tracking strategy |
Each of these is available on an online mutual fund investment platform. The key is knowing which category suits your goal — and a good platform will help you figure that out rather than overwhelming you with options.
What Makes the Best Online Platform
for
Mutual Fund Investment?
It feels easy to use — not just on desktop but on mobile too
It respects your time — processes that take minutes, not days
It keeps things transparent — no surprises on fees, exchange rates, or fund performance
It helps you stay consistent — reminders, easy SIP management, clear reporting
It's properly regulated — on both the India and NZ side
Mutual Funds Online Investment vs Fixed Deposits:
What's Actually Better?
This comes up a lot. Indian NRIs are very comfortable with FDs — they feel safe, they feel familiar and there's nothing wrong with that.
But here's the honest comparison:
| Feature | Mutual Funds (Online) | Fixed Deposit |
|---|---|---|
| Returns | 6–15% depending on type |
6–7.5% (current rates) |
| Liquidity | Redeem anytime (most funds) |
Penalty for early exit |
| Flexibility | SIP, lump sum, partial withdrawal |
Fixed tenure, fixed amount |
| Tax (NRI) | Slab rate on gains | TDS at 30% on interest |
| Risk | Varies by fund type | Capital protected |
| Transparency | Daily NAV, full portfolio visible |
Fixed, no visibility needed |
Common Mistakes to Avoid
When You Buy Mutual
Funds Online
Starting too late
Waiting for the "perfect" moment that never quite arrives.
Stopping a SIP during a market dip
This is the worst time to stop; it's actually the best time to keep going.
Chasing last year's top-performing fund
Yesterday's winner is often tomorrow's disappointment.
Ignoring the expense ratio
A 1% difference in annual charges compounded over 10 years is significant.
Not checking the exit load
Some funds charge a penalty if you withdraw within 30–90 days.
Tax Implications on
Mutual Funds Returns
Returns look different before and after tax. For NRIs investing in Indian mutual funds, here's the current picture:
| Fund Type | Holding Period | Tax Treatment |
|---|---|---|
| Equity Funds | Under 1 year | 20% Short Term Capital Gains (STCG) |
| Equity Funds | Over 1 year | 12.5% Long Term Capital Gains (LTCG) above ₹1.25 lakh |
| Debt Funds | Any duration | Added to income, taxed at slab rate |
For NRIs, TDS is deducted at source before you receive redemption proceeds. Under the India–New Zealand Double Tax Avoidance Agreement (DTAA), you may be able to offset tax paid in India against your NZ tax liability.
Risk Considerations
Mutual fund investments are subject to risks associated with market volatilities, currency movements, and macroeconomic shifts.
Although Indian markets have witnessed rapid growth, they may also exhibit sudden volatility. A diversified portfolio and long-term focus help manage these dynamics.
No investment returns are guaranteed — explicitly or implicitly.
Ready to Buy
Mutual Funds
Online in India?
Start diversifying your portfolio with as little as NZD $100.
Open an account, explore top performing Indian mutual funds and start your journey into one of the most exciting international markets.
Frequently Asked Questions
Disclaimer:
Example funds are for illustration only. No recommendation is being made. Past performance is not indicative of future results. Investments carry risk. Investments in overseas markets, including India, involve additional risks such as currency fluctuations, regulatory differences, and tax implications.