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NRI Mutual Fund – Frequently Asked Questions (FAQs)

Everything NRIs Need to Know About Investing in Indian Mutual Funds

1. Can NRIs invest in mutual funds in India?

Yes. NRIs (Non-Resident Indians), OCIs (Overseas Citizens of India), and PIOs (Persons of Indian Origin) can invest in Indian mutual funds, subject to compliance with FEMA regulations, KYC norms, and NRE/NRO account requirements.
No special permission is required. However, NRIs must complete KYC (Know Your Customer) and FATCA (Foreign Account Tax Compliance Act) formalities before investing.

NRIs can invest through:

  • • NRE (Non-Resident External) Account – Repatriable investments
  • • NRO (Non-Resident Ordinary) Account – Non-repatriable investments
Funds must be routed through Indian rupee-denominated NRE/NRO accounts via cheques, net banking, or online mandates.

Yes. NRIs must have a valid PAN card and complete KYC verification through a SEBI-registered KRA (KYC Registration Agency). KYC includes:

  • • Copy of passport & visa
  • • Overseas address proof
  • • In-person verification (IPV) or video KYC (offered by many platforms)

FATCA (Foreign Account Tax Compliance Act) is a U.S. regulation. NRIs from the U.S. or Canada must submit FATCA declarations before investing. It ensures compliance with global anti-money laundering and tax reporting norms.

Yes, but with restrictions. Some AMCs (like Franklin Templeton, ICICI Pru, etc.) allow U.S. or Canadian NRIs to invest with extra documentation. Many AMCs do not accept investments from NRIs in these countries due to compliance issues.

✅ Check AMC-specific NRI guidelines or contact TechArtha before proceeding.

We assist NRIs through the following steps:

  • 1. PAN + KYC + FATCA documentation
  • 2. Link your NRE/NRO account
  • 3. Choose investment mode (SIP or lump sum)
  • 4. Start investing digitally via supported AMC partners
We also offer personalized goal planning and risk profiling for NRIs.

Yes:

  • • Investments via NRE Account – Fully repatriable
  • • Investments via NRO Account – Non-repatriable (up to $1 million per financial year with RBI permission)

Yes. Taxation is based on the type of mutual fund and holding period. Also, TDS (Tax Deducted at Source) is applicable for NRIs: NRIs must consult a tax advisor or CA for double taxation treaty (DTAA) benefits.

Yes, but you must update yourresidential status to Resident Indian in your KYC and bank accounts. You may also convert your NRI folios into resident ones.

Yes. NRIs can nominate anyone (resident or NRI) in their folios. Multiple nominees and percentage-wise distribution can also be specified.

Redemption or switching can be done:

  • • Online via AMC portal or TechArtha-linked platform
  • • Proceeds are credited to your NRE/NRO account, based on original source

No. Mutual fund units are held in non-demat mode (statement of account). However, Demat is optional for those who wish to hold units electronically.

Yes. NRIs can hold mutual fund investments jointly with:

  • • Another NRI (first holder must be KYC compliant)
  • • A Resident Indian (subject to repatriation rules)

We offer:

  • • End-to-end onboarding and KYC support
  • • AMC-specific investment eligibility guidance
  • • Goal-based investment planning for NRIs
  • • Repatriation and tax-related assistance through our empanel Chartered Accountant (CA)
  • • Periodic performance tracking and reviews
📩 Need help as an NRI investor? Email us at support@techartha.com or book a consultation with our expert team.