- 20 Feb, 2018

How Can NRIs Residing in USA and Canada Invest in mutual funds?

2 Answers 149 Answer this Question

Tarun Kapoor

11 September, 2018

Currently, only 3 mutual fund asset management company allow NRIs from USA and Canada to invest in mutual funds. The 3 AMCs that allows NRIs from USA and Canada are:

  • Birla Sun Life Mutual Fund
  • SBI Mutual Fund
  • UTI Mutual Fund
  • ICICI Prudential Mutual Fund
  • DHFL Pramerica Mutual Fund
  • L&T Mutual Fund
  • PPFAS Mutual Fund
  • Sundaram Mutual Fund

Sumit Kumar

23 January, 2019

As the investments in Indian mutual funds can only be done in INR, the NRI needs to open either of NRE/NRO/FCNR account to start investing in Indian mutual funds. For that, the NRI needs a recent picture, PAN card, Passport, PIO/OCI card, proof of residence, and bank statement. 

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