NRI Investing FAQs
Common questions about NRI Investing, answered in plain language.
Can NRIs invest in Indian mutual funds?
Yes. Non-Resident Indians can invest in most Indian mutual funds on a repatriable basis through an NRE account or on a non-repatriable basis through an NRO account, after completing KYC as an NRI.
Are there restrictions for NRIs in the USA or Canada?
Some fund houses do not accept investments from residents of the USA and Canada, or accept them only with additional conditions, because of compliance requirements in those countries. We can tell you which fund houses currently accept such investments.
How are NRI mutual fund investments taxed?
Capital gains are taxed in India at the applicable rates, and tax is deducted at source (TDS) when you redeem. You may be able to claim relief under a Double Taxation Avoidance Agreement in your country of residence. Please consult a tax adviser.
Which products are not open to NRIs?
Some products are for residents only — for example, RBI Floating Rate Savings Bonds. Rules also differ for corporate deposits. Ask us before you invest.
Can NRIs invest through GIFT City?
Yes. Funds based in GIFT City offer NRIs a foreign-currency route into Indian markets. Read more on our GIFT City investing page.
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