Your NRI Account Opening is simple and easy with Kashly.
The short answer is Yes, Most of the NRI's can invest in mutual funds in India. However, NRIs from USA/Canada has some restrictions or compliance considerations if they are looking to invest in India.
NRI mutual fund investments are regulated by FEMA regulations. As per the act, NRI's are allowed to make investments into capital market which include Stocks, Exchange Traded Funds and Mutual Funds.
AMCs cannot accept Mutual Funds in foreign currencies therefore to invest in Mutual Funds of India, one has to open an NRO/NRE or Foreign Currency Non-resident (FCNR) account with an Indian bank.
Investments can be made under same person or another way you can invest is by having someone else invest on your behalf and make investment decisions who is known as POA holder. However, signatures of both NRI investor and POA holder is mandatory on KYC documents.
Copy of your passport with front and back page.
Self attested copy of your PAN card.
A valid address proof of your current residence.
A recent bank statement of your NRI account.
A recent passport size photo of yourself.
Difficult situations are part of an investment journey, but we promise our reliable customer service.
Account Opening
10.00AM to 05.00PM IST
Monday - Friday
+91 9567 1313 75
+91 9567 1313 55
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