Investing in India as an NRI: the basics
Non-Resident Indians and Overseas Citizens of India can invest in Indian mutual funds and many other products. The rules come mainly from FEMA and from the tax laws of India and your country of residence.
NRE or NRO?
Investments must be made from an NRE or NRO bank account in India, not from a resident savings account. Money invested through an NRE account is generally fully repatriable. NRO investments can be repatriated within RBI limits and with the required documents.
KYC for NRIs
NRI KYC requires your passport, overseas address proof, PAN and a recent photograph. You also need to complete a FATCA and CRS declaration stating your tax residency.
USA and Canada residents
Because of FATCA-related compliance, some AMCs do not accept investments from residents of the USA and Canada, and others accept them only with extra declarations or in person. Check the current list before you choose a scheme.
Tax on redemptions
TDS is deducted on capital gains when an NRI redeems mutual fund units. You may be able to claim relief under the Double Taxation Avoidance Agreement between India and your country of residence. A tax professional familiar with both countries can guide you.
Serving you from a distance
We work with investors across India and worldwide. KYC, transactions and servicing can be handled over WhatsApp, email and video calls, with documents sent by courier where needed.