Is it possible for non-resident Indians (NRIs) to invest in mutual funds?

The Non Resident Indians can invest in Mutual Fund schemes in India. NRIs need to sought any special approval from authorities such as RBI. They can invest the mutual funds on a repatriable basis or non-repatriable basis. To invest on a repatriable basis one must have a NRE account or FCNR account with a bank in India. Investments can be made on a non-repatriation basis as well with investment funds provided from NRO account or NRE/FCNR account. You can read more about this on http://www.nri.fintotal.com/More-Reading/27.


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