NRI Mutual Fund Investments
NRI MUTUAL FUND INVESTMENTS - HOW CAN NRIS INVEST IN MUTUAL FUNDS? Career-oriented higher education, a well-paid job, and a social culture that accepts diversity are some reasons why Indians prefer to leave their home country to become NRIs (Non-Resident Indians). A report confirms that there are 1.3 crore NRIs and 3.2 crore OIs (Overseas Citizens of India). Unsurprisingly, most of them dream of staying connected to their home country. If you are also an NRI with dependents in India, do you want to build this connection through mutual fund investments? There is a common misconception that NRIs cannot invest in mutual funds in India, which is not valid. If this question has been bothering you, you need to know the truth to start making NRI mutual fund investments. CAN NRIS INVEST IN MUTUAL FUNDS IN INDIA? NRIs can invest in mutual fund schemes in India if they follow the rules defined under the Foreign Exchange Management Act (FEMA). You should also know that some Asset Management ...