• Can NRIs Invest Directly in Mutual Fund Schemes?

    Yes, Non-Resident Indians (NRIs) can invest directly in mutual fund schemes! Thanks to technology, NRIs can now easily invest through mutual fund companies' websites using their NRE or NRO accounts. Many Indians living abroad are benefiting from investing in equity and debt-based funds in India, and it's become an excellent way to grow their wealth.

    Several mutual fund companies in India offer this facility, and it's always a good idea to check which ones are available in your country. For example, if you're based in the US or Canada, here are some mutual fund companies that make it easier for NRIs to invest:

    1. Aditya Birla Sunlife Mutual Fund

    2. SBI Mutual Fund

    3. UTI Mutual Fund

    4.ICICI Prudential Mutual Fund

    5. Tata Mutual Fund

    6. Parag Parikh Mutual Fund

    7. Sundaram Mutual Fund

    8. Nippon India Mutual Fund

    So, whether you're in the US, Canada, or another country, these mutual fund companies can help you invest seamlessly from abroad. Happy investing!

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    Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.