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

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Tarun Kapoor

Added an answer on 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

Added an answer on 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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