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A comment on Launch HN: Inri (YC W23) – Wealthfront for Investing in India.

Re:Launch HN: Inri (YC W23) – Wealthfront for Investing in I... by nsenifty on Friday March 31, 2023 @01:02PM (#35389976)
Do you help US-based investors with PFIC taxation (see Steps 4 and 5 here)? (https://www.taxesforexpats.com/guides/passive-foreign-invest...).

This is a huge pain point for US persons investing in foreign mutual funds. This made me liquidate all my ETFs/mutual funds in India and move the money to individual stocks or property.

If you can make it easy for NRIs to invest in a basket of individual stocks, a NRI-friendly smallcase (https://www.smallcase.com/) if you will, that would be amazing.

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Re:Launch HN: Inri (YC W23) – Wealthfront for Investing in I... by hemantgangolia on Friday March 31, 2023 @02:26PM (#35391200)
Yes, we know about PFIC taxation and help investors with Mark-to-Market Accounting. Further, Inri provides tax support as part of the product offering, thereby abstracting the pain of tax reporting.
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Re:Launch HN: Inri (YC W23) – Wealthfront for Investing in I... by nsenifty on Friday March 31, 2023 @03:01PM (#35391727)
That's great! You should add that to your FAQs (spell it out specifically).

How do you factor the US taxation at marginal rate (instead of the more favorable long term capital gain tax rate) factor into your ROI comparison between investing directly in India vs an US-based India fund (which enjoys all the tax benefits)?

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Re:Launch HN: Inri (YC W23) – Wealthfront for Investing in I... by jagan120 on Friday March 31, 2023 @07:27PM (#35395168)
Arent ETFs tracking Indices a better option rather than Index Funds itself because of the PFIC rules?
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Re:Launch HN: Inri (YC W23) – Wealthfront for Investing in I... by moneywoes on Saturday April 01, 2023 @12:24AM (#35397120)
exactly, my cpa cited PFIC reporting rules as doubling the cost of my file
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