Mutual Funds For NRIs: Factors To Be Considered Before Investing

Are you an NRI looking to invest in mutual funds in India?

While you can benefit from the return potential, check out some factors that should be considered.

NRI bank account

Investment in foreign currency is not allowed. As such, you need a rupee-denominated NRE or NRO bank account to invest in mutual funds.

KYC formality

You have to complete your KYC with KYC registration agency (KRA) to become eligible to invest. 

Direct KYC verification can be done online but if an in-person verification is needed, you can visit the Indian embassy in your domicile country for the same.

Redemptions

When you redeem your MF investment from an NRE account, the proceeds would be transferred to your NRE bank account from where it can be repatriated fully and freely.

Redemptions

When you redeem your MF investment from an NRO account, the proceeds would be transferred to your NRO bank account from where it can be repatriated upto $1 million per financial year.

Know these facts when investing in MFs. For hassle-free investments, choose Metra Trust NRI accounts and earn interest up to 7.25% p.a. too.