How can NRI’s invest in Mutual Funds?
Non-Resident Indians (NRI) and Persons of Indian Origin (PIO) can invest in Indian Mutual Funds both on a full repatriation and non-repatriation basis. However, NRIs must ensure that they adhere to all regulatory requisites, including completion of Know Your Customers (KYC) procedures, prior to any investment.
NRIs and PIOs residing abroad have multiple options for making payments, including Indian Rupee Drafts purchased overseas or cheques drawn on Non-Resident (External) (NRE) and Non-Resident Ordinary (NRO) accounts. Additionally, payments can also be made through Rupee Drafts purchased from NRE/NRO/FCNR accounts, offering a diverse range of convenient options for financial transactions.
NOTE: Ensure to accurately select the appropriate Status in Mutual Funds Application Form.
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