R2I Club Member Hangout

Friends,
Nice to see the forum is back.
I am USC, living in USA. Avoiding Indian Mutual Fund investments due to PFIC as learned from r2iforum days. Does it still apply or have any of you figured how to file the forms easily?
Now to my question : I have income such as rent in India. I was opening FDs and these are becoming headache during US tax filing since I have to file form 8938. Can some of you in similar situation please let me know how you are investing so that they are not sitting in savings bank account?
Any sharing of experiences will be appreciated.
Thank You
CVS

Don't invest in Mutual Funds or ETFs in India (because of PFIC headache/compliance and punitive U.S. taxation issues). Instead invest in SMALLCASE or individual stocks/shares through any reputed online brokers like Zerodha, GROWW, etc. If you really want to invest in Mutual Funds in India it must be done in the US trough US brokerages like Fidelity, Vanguard, iShares, etc. That doesn't involve PFIC.