SOLUTIONS
EXPLORE FUNDS
CALCULATORS
fincash number+91-22-48913909Dashboard

Mutual Fund Investment Options in India for NRIs

Updated on September 18, 2025 , 1829 views

Mutual Funds in India are gaining immense popularity since the past few years. It is a great way to grow your money in the long run. Non-Indian Residents (NRIs) who are planning to invest in Mutual Funds in India, you are at the right place to know the details on investment options in India. NRIs based in the US and Canada, there are some fund houses in India that allow you to invest in Mutual Funds in India. Non-US-and-Canada based NRIs can invest in across Asset Management Companies in India. Let's understand the KYC procedure to begin your Mutual Fund investments in India, Taxation for NRIs along with the Best Performing Mutual Funds schemes to invest 2025 - 2026.

Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

NRI-Invest-in-MF

NRE, NRO, FCNR Accounts for Investment in India

To invest in Mutual Funds in India one is supposed to open any of the following accounts with an Indian Bank:

NRE Account

This is Non-Resident External (NRE) account which can be in the form of savings, current, fixed or Recurring deposit. You need to deposit the foreign currency in this account. To be able to deposit Indian currency, you must open NRO account. There is no upper limit on the transaction amount in an NRE account.

NRO Account

The NRO or Non-Resident Ordinary account is in the form of savings or current account that is meant for NRIs to manage their Income earned in India. In NRO account, foreign currency gets converted into Indian rupees after it gets deposited. An NRO account can be held jointly with another NRI as well as resident Indian (close relatives).

FCNR Account

This stands for Foreign Currency Non-Repatriable account deposits. In this account, NRIs can remit their Earnings in one of the six currencies such as Canadian $, US$, Euro, AU$, Yen, and Pound. Funds can be transferred from other FCNR or NRE accounts. In FCNR, the principal and interest don’t accrue any tax.

Once you open any of these accounts, you need successfully complete your KYC (Know Your Customer), under KYC norms, which is set by SEBI (Securities Exchange Board of India). One can complete their KYC with any of the SEBI-registered intermediates.

Mutual Fund Options for NRIs based in US and Canada

NRIs based in the USA and Canada would be able to invest in only some of the Mutual Fund Houses in India. Many AMCs in India are yet to allow investments from NRIs based in USA or Canada. This is due to the complex compliance requirements under Foreign Account Tax Compliance Act (FATCA). Under FATCA, all the financial entities like mutual fund houses, Insurance companies, banks are supposed to furnish their client information to the Government of India that will further be shared with the US/Canadian Government.

Since the time FATCA have come into place, many AMCs have stopped accepting investments from NRIs based in the US and Canada as it involved a lot of paperwork and compliance on the part of AMCs.

These are the list of the following AMCs that accept investments from US/Canada based NRIs:

Each of these AMC has a different condition to accept investments from US or Canada based NRIs. Some of the fund houses amongst these accept investments only in paper application forms, whereas a few may accept online application through NSE NMFII or BSE STARMF platform etc.

Following are some of the best performing schemes from the above mentioned fund houses that accept NRI investments from US & Canada:

Fund3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2024 (%)Sub Cat.
UTI Healthcare Fund Growth 7.312.94.826.917.642.9 Sectoral
UTI Transportation & Logistics Fund Growth 16.5296.223.626.718.7 Sectoral
Sundaram Mid Cap Fund Growth 617.40.62326.232 Mid Cap
Sundaram Infrastructure Advantage Fund Growth 3.916.1-0.721.626.923.8 Sectoral
Sundaram Global Advantage Fund Growth 10.915.723.421.313.913.1 Global
UTI Core Equity Fund Growth 2.812.1-1.221.124.927.2 Large & Mid Cap
UTI Dividend Yield Fund Growth 3.811.2-320.921.524.7 Dividend Yield
Sundaram Small Cap Fund Growth 4.920.1-1.620.827.119.1 Small Cap
UTI Multi Asset Fund Growth 3.79.93.719.515.820.7 Multi Asset
UTI Infrastructure Fund Growth 1.610.9-5.119.425.718.5 Sectoral
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Sep 25

Research Highlights & Commentary of 10 Funds showcased

CommentaryUTI Healthcare FundUTI Transportation & Logistics FundSundaram Mid Cap FundSundaram Infrastructure Advantage FundSundaram Global Advantage FundUTI Core Equity FundUTI Dividend Yield FundSundaram Small Cap FundUTI Multi Asset FundUTI Infrastructure Fund
Point 1Bottom quartile AUM (₹1,119 Cr).Upper mid AUM (₹3,741 Cr).Highest AUM (₹12,501 Cr).Bottom quartile AUM (₹935 Cr).Bottom quartile AUM (₹130 Cr).Upper mid AUM (₹4,861 Cr).Upper mid AUM (₹3,794 Cr).Lower mid AUM (₹3,282 Cr).Top quartile AUM (₹5,941 Cr).Lower mid AUM (₹2,108 Cr).
Point 2Oldest track record among peers (26 yrs).Established history (21+ yrs).Established history (23+ yrs).Established history (19+ yrs).Established history (18+ yrs).Established history (16+ yrs).Established history (20+ yrs).Established history (20+ yrs).Established history (16+ yrs).Established history (21+ yrs).
Point 3Rating: 1★ (lower mid).Rating: 3★ (top quartile).Top rated.Not Rated.Rating: 2★ (lower mid).Rating: 3★ (upper mid).Rating: 1★ (bottom quartile).Rating: 3★ (upper mid).Rating: 1★ (bottom quartile).Rating: 3★ (upper mid).
Point 4Risk profile: High.Risk profile: High.Risk profile: Moderately High.Risk profile: High.Risk profile: High.Risk profile: Moderately High.Risk profile: Moderately High.Risk profile: Moderately High.Risk profile: Moderately High.Risk profile: High.
Point 55Y return: 17.60% (bottom quartile).5Y return: 26.65% (upper mid).5Y return: 26.20% (upper mid).5Y return: 26.88% (top quartile).5Y return: 13.91% (bottom quartile).5Y return: 24.91% (lower mid).5Y return: 21.50% (lower mid).5Y return: 27.14% (top quartile).5Y return: 15.85% (bottom quartile).5Y return: 25.69% (upper mid).
Point 63Y return: 26.89% (top quartile).3Y return: 23.65% (top quartile).3Y return: 23.03% (upper mid).3Y return: 21.61% (upper mid).3Y return: 21.30% (upper mid).3Y return: 21.11% (lower mid).3Y return: 20.94% (lower mid).3Y return: 20.77% (bottom quartile).3Y return: 19.50% (bottom quartile).3Y return: 19.37% (bottom quartile).
Point 71Y return: 4.81% (upper mid).1Y return: 6.20% (top quartile).1Y return: 0.65% (upper mid).1Y return: -0.71% (lower mid).1Y return: 23.40% (top quartile).1Y return: -1.21% (lower mid).1Y return: -2.98% (bottom quartile).1Y return: -1.57% (bottom quartile).1Y return: 3.66% (upper mid).1Y return: -5.14% (bottom quartile).
Point 8Alpha: 0.79 (upper mid).Alpha: 0.00 (upper mid).Alpha: 2.99 (top quartile).Alpha: 0.29 (upper mid).Alpha: 0.00 (lower mid).Alpha: -2.00 (bottom quartile).Alpha: -4.47 (bottom quartile).Alpha: 0.97 (top quartile).1M return: 2.31% (upper mid).Alpha: -5.39 (bottom quartile).
Point 9Sharpe: -0.15 (top quartile).Sharpe: -0.33 (upper mid).Sharpe: -0.33 (upper mid).Sharpe: -0.48 (lower mid).Sharpe: 0.81 (top quartile).Sharpe: -0.69 (bottom quartile).Sharpe: -0.93 (bottom quartile).Sharpe: -0.47 (upper mid).Alpha: 0.00 (lower mid).Sharpe: -0.84 (bottom quartile).
Point 10Information ratio: 0.10 (upper mid).Information ratio: 0.00 (upper mid).Information ratio: 0.22 (upper mid).Information ratio: -0.07 (bottom quartile).Information ratio: 0.00 (lower mid).Information ratio: 0.89 (top quartile).Information ratio: 0.84 (top quartile).Information ratio: -0.47 (bottom quartile).Sharpe: -0.52 (lower mid).Information ratio: -0.46 (bottom quartile).

UTI Healthcare Fund

  • Bottom quartile AUM (₹1,119 Cr).
  • Oldest track record among peers (26 yrs).
  • Rating: 1★ (lower mid).
  • Risk profile: High.
  • 5Y return: 17.60% (bottom quartile).
  • 3Y return: 26.89% (top quartile).
  • 1Y return: 4.81% (upper mid).
  • Alpha: 0.79 (upper mid).
  • Sharpe: -0.15 (top quartile).
  • Information ratio: 0.10 (upper mid).

UTI Transportation & Logistics Fund

  • Upper mid AUM (₹3,741 Cr).
  • Established history (21+ yrs).
  • Rating: 3★ (top quartile).
  • Risk profile: High.
  • 5Y return: 26.65% (upper mid).
  • 3Y return: 23.65% (top quartile).
  • 1Y return: 6.20% (top quartile).
  • Alpha: 0.00 (upper mid).
  • Sharpe: -0.33 (upper mid).
  • Information ratio: 0.00 (upper mid).

Sundaram Mid Cap Fund

  • Highest AUM (₹12,501 Cr).
  • Established history (23+ yrs).
  • Top rated.
  • Risk profile: Moderately High.
  • 5Y return: 26.20% (upper mid).
  • 3Y return: 23.03% (upper mid).
  • 1Y return: 0.65% (upper mid).
  • Alpha: 2.99 (top quartile).
  • Sharpe: -0.33 (upper mid).
  • Information ratio: 0.22 (upper mid).

Sundaram Infrastructure Advantage Fund

  • Bottom quartile AUM (₹935 Cr).
  • Established history (19+ yrs).
  • Not Rated.
  • Risk profile: High.
  • 5Y return: 26.88% (top quartile).
  • 3Y return: 21.61% (upper mid).
  • 1Y return: -0.71% (lower mid).
  • Alpha: 0.29 (upper mid).
  • Sharpe: -0.48 (lower mid).
  • Information ratio: -0.07 (bottom quartile).

Sundaram Global Advantage Fund

  • Bottom quartile AUM (₹130 Cr).
  • Established history (18+ yrs).
  • Rating: 2★ (lower mid).
  • Risk profile: High.
  • 5Y return: 13.91% (bottom quartile).
  • 3Y return: 21.30% (upper mid).
  • 1Y return: 23.40% (top quartile).
  • Alpha: 0.00 (lower mid).
  • Sharpe: 0.81 (top quartile).
  • Information ratio: 0.00 (lower mid).

UTI Core Equity Fund

  • Upper mid AUM (₹4,861 Cr).
  • Established history (16+ yrs).
  • Rating: 3★ (upper mid).
  • Risk profile: Moderately High.
  • 5Y return: 24.91% (lower mid).
  • 3Y return: 21.11% (lower mid).
  • 1Y return: -1.21% (lower mid).
  • Alpha: -2.00 (bottom quartile).
  • Sharpe: -0.69 (bottom quartile).
  • Information ratio: 0.89 (top quartile).

UTI Dividend Yield Fund

  • Upper mid AUM (₹3,794 Cr).
  • Established history (20+ yrs).
  • Rating: 1★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 21.50% (lower mid).
  • 3Y return: 20.94% (lower mid).
  • 1Y return: -2.98% (bottom quartile).
  • Alpha: -4.47 (bottom quartile).
  • Sharpe: -0.93 (bottom quartile).
  • Information ratio: 0.84 (top quartile).

Sundaram Small Cap Fund

  • Lower mid AUM (₹3,282 Cr).
  • Established history (20+ yrs).
  • Rating: 3★ (upper mid).
  • Risk profile: Moderately High.
  • 5Y return: 27.14% (top quartile).
  • 3Y return: 20.77% (bottom quartile).
  • 1Y return: -1.57% (bottom quartile).
  • Alpha: 0.97 (top quartile).
  • Sharpe: -0.47 (upper mid).
  • Information ratio: -0.47 (bottom quartile).

UTI Multi Asset Fund

  • Top quartile AUM (₹5,941 Cr).
  • Established history (16+ yrs).
  • Rating: 1★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 15.85% (bottom quartile).
  • 3Y return: 19.50% (bottom quartile).
  • 1Y return: 3.66% (upper mid).
  • 1M return: 2.31% (upper mid).
  • Alpha: 0.00 (lower mid).
  • Sharpe: -0.52 (lower mid).

UTI Infrastructure Fund

  • Lower mid AUM (₹2,108 Cr).
  • Established history (21+ yrs).
  • Rating: 3★ (upper mid).
  • Risk profile: High.
  • 5Y return: 25.69% (upper mid).
  • 3Y return: 19.37% (bottom quartile).
  • 1Y return: -5.14% (bottom quartile).
  • Alpha: -5.39 (bottom quartile).
  • Sharpe: -0.84 (bottom quartile).
  • Information ratio: -0.46 (bottom quartile).

Best Mutual Fund Schemes for NRIs based in Other Countries

In case of Non Residents from other countries, i.e. other than based in US or Canada, the Investing procedure is quite simplified. You can invest in any of the mutual fund houses in India. To ease your investments, we have shortlisted some of the best performing mutual fund schemes that you can prefer investing in.

Fund3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2024 (%)Sub Cat.
Franklin India Short Term Income Plan - Retail Plan Growth 192.1192.1192.147.332.5 Short term Bond
DSP World Gold Fund Growth 26.251.278.746.312.715.9 Global
SBI PSU Fund Growth 3120.429.731.123.5 Sectoral
Franklin India Opportunities Fund Growth 5.918.51.429.428.837.3 Sectoral
Invesco India PSU Equity Fund Growth 2.417.30.929.328.725.6 Sectoral
SBI Gold Fund Growth 10.223.146.42914.919.6 Gold
IDBI Gold Fund Growth 10.522.647.528.815.118.7 Gold
ICICI Prudential Regular Gold Savings Fund Growth 10.122.946.428.814.719.5 Gold
Nippon India Gold Savings Fund Growth 10.222.746.328.714.619 Gold
HDFC Gold Fund Growth 10.223.146.228.714.718.9 Gold
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 May 25

Research Highlights & Commentary of 10 Funds showcased

CommentaryFranklin India Short Term Income Plan - Retail PlanDSP World Gold FundSBI PSU FundFranklin India Opportunities FundInvesco India PSU Equity FundSBI Gold FundIDBI Gold FundICICI Prudential Regular Gold Savings FundNippon India Gold Savings FundHDFC Gold Fund
Point 1Bottom quartile AUM (₹13 Cr).Lower mid AUM (₹1,421 Cr).Upper mid AUM (₹5,179 Cr).Highest AUM (₹7,509 Cr).Bottom quartile AUM (₹1,341 Cr).Top quartile AUM (₹5,221 Cr).Bottom quartile AUM (₹254 Cr).Lower mid AUM (₹2,603 Cr).Upper mid AUM (₹3,439 Cr).Upper mid AUM (₹4,915 Cr).
Point 2Established history (23+ yrs).Established history (18+ yrs).Established history (15+ yrs).Oldest track record among peers (25 yrs).Established history (15+ yrs).Established history (14+ yrs).Established history (13+ yrs).Established history (13+ yrs).Established history (14+ yrs).Established history (13+ yrs).
Point 3Rating: 2★ (upper mid).Top rated.Rating: 2★ (upper mid).Rating: 3★ (top quartile).Rating: 3★ (upper mid).Rating: 2★ (lower mid).Not Rated.Rating: 1★ (bottom quartile).Rating: 2★ (lower mid).Rating: 1★ (bottom quartile).
Point 4Risk profile: Moderate.Risk profile: High.Risk profile: High.Risk profile: Moderately High.Risk profile: High.Risk profile: Moderately High.Risk profile: Moderately High.Risk profile: Moderately High.Risk profile: Moderately High.Risk profile: Moderately High.
Point 51Y return: 192.10% (top quartile).5Y return: 12.66% (bottom quartile).5Y return: 31.11% (top quartile).5Y return: 28.77% (upper mid).5Y return: 28.71% (upper mid).5Y return: 14.91% (lower mid).5Y return: 15.13% (upper mid).5Y return: 14.75% (lower mid).5Y return: 14.61% (bottom quartile).5Y return: 14.74% (bottom quartile).
Point 61M return: 192.10% (top quartile).3Y return: 46.30% (top quartile).3Y return: 29.70% (upper mid).3Y return: 29.38% (upper mid).3Y return: 29.26% (upper mid).3Y return: 28.99% (lower mid).3Y return: 28.81% (lower mid).3Y return: 28.81% (bottom quartile).3Y return: 28.74% (bottom quartile).3Y return: 28.74% (bottom quartile).
Point 7Sharpe: -90.89 (bottom quartile).1Y return: 78.68% (top quartile).1Y return: 0.37% (bottom quartile).1Y return: 1.36% (bottom quartile).1Y return: 0.88% (bottom quartile).1Y return: 46.45% (upper mid).1Y return: 47.49% (upper mid).1Y return: 46.40% (upper mid).1Y return: 46.26% (lower mid).1Y return: 46.20% (lower mid).
Point 8Information ratio: -2.42 (bottom quartile).Alpha: 3.15 (top quartile).Alpha: -0.35 (bottom quartile).Alpha: 2.40 (upper mid).Alpha: 5.81 (top quartile).1M return: 10.85% (upper mid).1M return: 10.27% (lower mid).1M return: 10.84% (upper mid).1M return: 10.87% (upper mid).1M return: 10.79% (lower mid).
Point 9Yield to maturity (debt): 0.00% (top quartile).Sharpe: 1.80 (lower mid).Sharpe: -0.81 (bottom quartile).Sharpe: -0.43 (lower mid).Sharpe: -0.58 (bottom quartile).Alpha: 0.00 (upper mid).Alpha: 0.00 (upper mid).Alpha: 0.00 (lower mid).Alpha: 0.00 (lower mid).Alpha: 0.00 (bottom quartile).
Point 10Modified duration: 0.00 yrs (top quartile).Information ratio: -1.09 (bottom quartile).Information ratio: -0.37 (lower mid).Information ratio: 1.75 (top quartile).Information ratio: -0.46 (bottom quartile).Sharpe: 2.58 (top quartile).Sharpe: 2.38 (upper mid).Sharpe: 2.55 (top quartile).Sharpe: 2.52 (upper mid).Sharpe: 2.55 (upper mid).

Franklin India Short Term Income Plan - Retail Plan

  • Bottom quartile AUM (₹13 Cr).
  • Established history (23+ yrs).
  • Rating: 2★ (upper mid).
  • Risk profile: Moderate.
  • 1Y return: 192.10% (top quartile).
  • 1M return: 192.10% (top quartile).
  • Sharpe: -90.89 (bottom quartile).
  • Information ratio: -2.42 (bottom quartile).
  • Yield to maturity (debt): 0.00% (top quartile).
  • Modified duration: 0.00 yrs (top quartile).

DSP World Gold Fund

  • Lower mid AUM (₹1,421 Cr).
  • Established history (18+ yrs).
  • Top rated.
  • Risk profile: High.
  • 5Y return: 12.66% (bottom quartile).
  • 3Y return: 46.30% (top quartile).
  • 1Y return: 78.68% (top quartile).
  • Alpha: 3.15 (top quartile).
  • Sharpe: 1.80 (lower mid).
  • Information ratio: -1.09 (bottom quartile).

SBI PSU Fund

  • Upper mid AUM (₹5,179 Cr).
  • Established history (15+ yrs).
  • Rating: 2★ (upper mid).
  • Risk profile: High.
  • 5Y return: 31.11% (top quartile).
  • 3Y return: 29.70% (upper mid).
  • 1Y return: 0.37% (bottom quartile).
  • Alpha: -0.35 (bottom quartile).
  • Sharpe: -0.81 (bottom quartile).
  • Information ratio: -0.37 (lower mid).

Franklin India Opportunities Fund

  • Highest AUM (₹7,509 Cr).
  • Oldest track record among peers (25 yrs).
  • Rating: 3★ (top quartile).
  • Risk profile: Moderately High.
  • 5Y return: 28.77% (upper mid).
  • 3Y return: 29.38% (upper mid).
  • 1Y return: 1.36% (bottom quartile).
  • Alpha: 2.40 (upper mid).
  • Sharpe: -0.43 (lower mid).
  • Information ratio: 1.75 (top quartile).

Invesco India PSU Equity Fund

  • Bottom quartile AUM (₹1,341 Cr).
  • Established history (15+ yrs).
  • Rating: 3★ (upper mid).
  • Risk profile: High.
  • 5Y return: 28.71% (upper mid).
  • 3Y return: 29.26% (upper mid).
  • 1Y return: 0.88% (bottom quartile).
  • Alpha: 5.81 (top quartile).
  • Sharpe: -0.58 (bottom quartile).
  • Information ratio: -0.46 (bottom quartile).

SBI Gold Fund

  • Top quartile AUM (₹5,221 Cr).
  • Established history (14+ yrs).
  • Rating: 2★ (lower mid).
  • Risk profile: Moderately High.
  • 5Y return: 14.91% (lower mid).
  • 3Y return: 28.99% (lower mid).
  • 1Y return: 46.45% (upper mid).
  • 1M return: 10.85% (upper mid).
  • Alpha: 0.00 (upper mid).
  • Sharpe: 2.58 (top quartile).

IDBI Gold Fund

  • Bottom quartile AUM (₹254 Cr).
  • Established history (13+ yrs).
  • Not Rated.
  • Risk profile: Moderately High.
  • 5Y return: 15.13% (upper mid).
  • 3Y return: 28.81% (lower mid).
  • 1Y return: 47.49% (upper mid).
  • 1M return: 10.27% (lower mid).
  • Alpha: 0.00 (upper mid).
  • Sharpe: 2.38 (upper mid).

ICICI Prudential Regular Gold Savings Fund

  • Lower mid AUM (₹2,603 Cr).
  • Established history (13+ yrs).
  • Rating: 1★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 14.75% (lower mid).
  • 3Y return: 28.81% (bottom quartile).
  • 1Y return: 46.40% (upper mid).
  • 1M return: 10.84% (upper mid).
  • Alpha: 0.00 (lower mid).
  • Sharpe: 2.55 (top quartile).

Nippon India Gold Savings Fund

  • Upper mid AUM (₹3,439 Cr).
  • Established history (14+ yrs).
  • Rating: 2★ (lower mid).
  • Risk profile: Moderately High.
  • 5Y return: 14.61% (bottom quartile).
  • 3Y return: 28.74% (bottom quartile).
  • 1Y return: 46.26% (lower mid).
  • 1M return: 10.87% (upper mid).
  • Alpha: 0.00 (lower mid).
  • Sharpe: 2.52 (upper mid).

HDFC Gold Fund

  • Upper mid AUM (₹4,915 Cr).
  • Established history (13+ yrs).
  • Rating: 1★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 14.74% (bottom quartile).
  • 3Y return: 28.74% (bottom quartile).
  • 1Y return: 46.20% (lower mid).
  • 1M return: 10.79% (lower mid).
  • Alpha: 0.00 (bottom quartile).
  • Sharpe: 2.55 (upper mid).

Comparison between NRO, NRE & FCNR Account

Parameters NRE Account NRO Account FCNR Account
Purpose NRE is an account of an NRI to transfer foreign earnings to India NRE is an account of an NRI to transfer foreign earnings to India NRIs can remit their earnings in one of the six currencies such as Canadian $, US$, Euro, AU$, Yen, and Pound
Current account & Savings Account Yes Yes No, these are FD accounts
Joint Account with NRI Yes Yes Yes
Joint Account with Resident Indian Yes, with close relatives only Yes Yes, with close relatives only
Income generated in India can be held? No Yes No
Funds can be transferred to any Bank in India? Yes Yes No
Repatriation Yes No. Only interest income generated from deposits can be repatriated Yes
When settled back in in India permanently Account gets converted to resident account Account gets converted to resident account Account gets converted to resident account

KYC Procedure for NRIs to Invest in Mutual Funds

To successfully complete your KYC procedure, NRIs need to complete certain important steps and furnish documents like:

a. KYC Form

An NRI needs to submit the KYC Form with all the necessary details filled to the SEBI registered intermediate. The documents can be sent by courier/post to the intermediate.

b. Documents

Following are the necessary documents that need to be submitted:

  • Overseas address proof
  • Indian resident address proof
  • A recent photograph
  • Passport copy

In case of NRIs in the Merchant Navy, a mariner’s declaration or certified copy of Continuous Discharge Certificate must be submitted.

c. Attestation

NRIs or PIOs (Person of India Origin) can get the above documents attested by the authorised officials of overseas branches of scheduled commercial banks registered in India, judge, court magistrate, public notaries, or the Indian embassy/consulate general in the country that they are located.

d. In Personal Verification (IPV)

As per SEBI rules, IPV is mandatory for KYC process. The intermediate should conduct the IPV of NRIs/PIOs.

Please note that all the above documents/proofs while submitting should be in the English language.

Taxation on Mutual funds for NRI Investors

Capital Gains Tax Rates on NRI Mutual Fund Investments for the Financial Year 2017-18 (Assessment Year 2018-19) are as below:

Gains Equity Linked Funds Debt Linked Funds
Tax on Short Term Capital Gain 15% As per Tax Slabs of NRI
Tax on Long Term Capital Gain (with Indexation) NIL 20%
Tax on Long Term Capital Gain (without Indexation) NIL 10%
STCG & TDS Rate 15% 30%
LTCG & TDS Rate Nil 30% On listed funds- 20% (with indexation), unlisted funds- 10% (without indexation)
Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
How helpful was this page ?
Rated 5, based on 1 reviews.
POST A COMMENT