NRI Investment FAQs

Yes, Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), and Overseas Citizens of India (OCIs) can invest in Indian Mutual Funds on a full repatriation or non-repatriation basis.

No, a PIS (Portfolio Investment Scheme) account is only required for trading in direct equity (stocks). For Mutual Funds, you only need an NRE or NRO bank account.

You will need a copy of your Passport, PAN Card, Overseas Address Proof, and Indian Address Proof (if any). The KYC process can now be completed online via Video KYC.

Yes. If you invest using an NRE account, the redemption proceeds are fully repatriable (can be moved abroad). If you invest using an NRO account, the proceeds are non-repatriable (subject to certain limits).

Capital gains tax rules for NRIs are generally the same as resident Indians. However, for NRIs, TDS (Tax Deducted at Source) is deducted on capital gains at the time of redemption.

Yes, but with restrictions. Many fund houses do not accept investments from US/Canada due to FATCA compliance. However, fund houses like SBI, UTI, Sundaram, and L&T do accept investments from US/Canada based NRIs.