Yes, Non-Resident Indians (NRIs) can invest in mutual funds in India, provided their Know Your Customer (KYC) process has already been completed while they were in India. Since KYC verification cannot be done outside India, NRIs must ensure their KYC is in place before initiating any investments.
NRIs can invest through NRE (Non-Resident External) or NRO (Non-Resident Ordinary) bank accounts, following the guidelines set by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). However, some mutual fund houses may have restrictions for investors from specific countries due to regulatory compliance, so it is advisable to check with the respective fund house before investing.
Yes, Non-Resident Indians (NRIs) can invest in mutual funds in India, provided their Know Your Customer (KYC) process has already been completed while they were in India. Since KYC verification cannot be done outside India, NRIs must ensure their KYC is in place before initiating any investments.
NRIs can invest through NRE (Non-Resident External) or NRO (Non-Resident Ordinary) bank accounts, following the guidelines set by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). However, some mutual fund houses may have restrictions for investors from specific countries due to regulatory compliance, so it is advisable to check with the respective fund house before investing.
