How NRIs can invest in Indian Mutual Funds?

 

How NRIs can invest in Indian Mutual Funds?

Are you Non-Resident Indian (NRI)? Than do you know that you can invest in Indian mutual funds? Well, yes. NRIs can invest in the Indian mutual funds.

Recently, I have received several queries from NRI readers about investments in mutual funds. Many have shown the concern that, somebody told them that according to SEC, they can not invest in the Indian mutual funds.

Well, it’s not that. According to SEC, only US-based funds can’t accept investments from NRI such as Fidelity, HSBC & Templeton. But the India based mutual funds can accept investments from the NRIs.

Now, the question is that, which are the Indian mutual funds and how can NRI invest in them?

Well, I can suggest you one great website - http://www.valueresearchonline.com/

Just visit Valueresearchonline.com and find out 4 or 5 star rated Indian mutual funds from that website and start investing in them.

Now, the question is that, how NRI can invest in Indian mutual funds?

Well, for that you can do following things.

01) Open an NRI account with any Indian bank and after that open Demat account and invest in mutual funds.

02) You can simply invest in Indian mutual funds through your family members’ accounts who are living in India such as your parents, brothers…etc…

03) You can directly contact the fund house local office in your city of India and download the form from their website and submit it along with a cheque in that office.

However, in my opinion during your India visit, it is better to open NRI account with reputed banks like ICICI and HDFC and subsequently invest in mutual funds through these accounts.