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What special requirements do NRIs have?

For an NRI to invest in mutual funds in India:

  1. You must not be residing in USA or Canada 
  2. You must have an NRO or NRE bank account with a bank in India 
  3. You must have a PAN Card in India 
  4. You need to complete your KYC 

Please also note that TDS is applicable for NRI investments in mutual funds. This is currently 11.33 percent on non-equity mutual funds.

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