Can NRIs Invest in Mutual Funds in India? (Complete Simple Guide)

👉 Can NRIs invest in mutual funds in India?

The answer is YES — NRIs can invest. But the process, rules, and taxation are slightly different from resident Indians.

This blog explains everything in simple, easy-to-understand language.

Who is an NRI?

An NRI (Non-Resident Indian) is a person who lives outside India for work, business or personal reasons for 183 days or more in a year.

Most Indian mutual fund companies allow NRIs to invest, except NRIs from USA & Canada (they require extra FATCA compliance, and only some AMCs accept them).

So, if you are an NRI living in

1. UAE
2. USA
3. UK
4. Canada
5. Australia
6. Singapore
7. Europe
8. or any other country…
9. you can invest in Indian mutual funds (with some conditions).

Types of Mutual Funds NRIs Can Invest In

NRIs can invest in all major categories:

1. Equity Funds
2. Debt Funds
3. Hybrid Funds
4. Index Funds
5. SIP (Systematic Investment Plan)
6. ELSS Funds (for tax saving)

Documents Required for NRI Mutual Fund Investment

Simple and basic:

1. Passport copy
2. PAN Card
3. Overseas address proof
4. Indian address (optional but useful)
5. Cancelled cheque of NRE/NRO account
6. FATCA form