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Q: Are NRIs allowed to make a nomination for their mutual fund accounts?

A: Yes, all the NRIs are allowed to have a nominee(s) in their mutual fund account to whom the Mutual Fund units will be transferred after the holder’s death in case of a single holder. But, if it is...

• 1 Day ago
• NRI Investments - Business and Finance
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Q: Can NRIs invest in mutual funds in India?

A: As per the prescribed guidelines, any NRI residing in Canada and the United States of America is not eligible to invest in mutual funds. Also, any resident of Bangladesh and Pakistan will not be...

• 1 Day ago
• NRI Investments - Business and Finance
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Q: How can an NRI redeem his/her investments?

A: If an NRI opts for investing online then he/she is eligible to apply online for redemption too. Otherwise, the clients are required to submit the redemption request in original at the nearest...

• 1 Day ago
• NRI Investments - Business and Finance
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Q: What is FATCA and how is applicable to mutual funds investments in India?

A: Foreign Account Tax Compliance Act (FATCA) is a US government tax policy to which India is also a signatory. As per this act, the Indian Financial Institutions like Indian Mutual Funds are required...

• 3 Days ago
• NRI Investments - Business and Finance
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Q: Can I invest through resident Indian bank account if I am an NRI?

A: If you are registered as an NRI, you are required to invest only either through NRE or NRO accounts and not a resident bank account. NRIs are required to convert their resident Indian Accounts to...

• 3 Days ago
• NRI Investments - Business and Finance
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Q: Is demat account required for mutual fund investments?

A: No, demat account is not mandatory for Mutual Fund investments. Investments in Indian Mutual funds can be made through Upwardly in a totally electronic format without Demat Accounts.

• 3 Days ago
• NRI Investments - Business and Finance
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Q: Who can invest in Indian mutual funds?

A: NRIs or Foreign nationals having a valid Pan Card and holding rupee designated NRE/NRO bank accounts can invest in Indian mutual funds.

• 3 Days ago
• NRI Investments - Business and Finance
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Q: DO investments made under IPOs or private placements come under PIS?

A: No. Investments made by NRIs through a subscription to Initial Public Offerings (IPO's) or Private placements are not covered by the Portfolio Investment Scheme. Such investments are covered by...

• 6 Days ago
• NRI Investments - Business and Finance
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Q: What is meant by investment through direct subscription route?

A: As per the regulations NRIs are allowed to invest up to a certain percentage of the total paid up capital of the company by directly subscribing to the equity/convertible debentures of the company...

• 6 Days ago
• NRI Investments - Business and Finance
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Q: Is the amount in RFC accounts fully repatriable?

A: Yes. For the permissible purposes.

• 7 Days ago
• NRI Investments - Business and Finance
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