Taruna Malik11 November, 2017
NRI (Non Resident Indians) can also invest in the mutual funds as per the provisions of Foreign Exchange Management Act.
- Firstly, he will be required to open an NRO or NRE account for the transaction purposes.
- After that he will be required to do the KYC formality.
- The NRI investor will have to fill a mutual fund application form. He will also be required to provide FACTA (Foreign Account Tax Compliance Act) and CSR (Common Reporting Standard) declarations.
After doing all the above steps, an NRI investor can easily invest in the Indian mutual fund market.
Vishnu Sudevan12 July, 2018
Yes! India is one of the fastest growing economies in the world which attract the attentions of many NRI investors. NRIs can do the investment in two ways- directly by using the normal banking procedure or through power of attorney authorized to a resident India. Moreover, as per the weak positions of Rupee in comparison to the foreign currency, more and more investments have started taking place.