Why US, Canada NRIs face these restrictions in mutual fund investments in India
Let’s take a look at certain restrictions NRIs in US and Canada face when investing in mutual funds in India
Are you a non-resident Indian (NRI) looking to invest in mutual funds (MFs) in India? The process of mutual fund investments (those who are not from the USA and Canada) are just as easy for NRIs as they are for locals in India. You have to invest via a Non-Resident Externa (NRE) or Non-Resident Ordinary (NRO) denominated account of any bank in India.