Ch.3 · Sponsor, Trustee and AMC Roles · medium
Can NRIs (Non-Resident Indians) invest in Indian mutual funds?
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EXPLANATION
NRIs can invest in Indian mutual funds subject to FEMA (Foreign Exchange Management Act) compliance. Investments through NRE (Non-Resident External) accounts allow full repatriation of both principal and gains; NRO (Non-Resident Ordinary) accounts allow repatriation subject to limits. Some AMCs restrict investments from NRIs in the US and Canada due to FATCA compliance complexity.
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