Ch.9 · KYC and Folio Management · easy
Which of the following correctly describes 'repatriation' in the context of NRI mutual fund investments?
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EXPLANATION
Repatriation refers to the ability of an NRI investor to transfer the redemption proceeds (principal and/or gains) out of India into their foreign bank account in foreign currency. NRE-based investments are fully repatriable; NRO-based investments have repatriation limits.
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