For an NRI to invest in mutual funds in India:
- You must not be residing in USA or Canada
- You must have an NRO or NRE bank account with a bank in India
- You must have a PAN Card in India
- You need to complete your KYC
Please also note that TDS is applicable for NRI investments in mutual funds. This is currently 31.2% on non-equity mutual funds.
Hope we helped! Why not get started with your Scripbox.
If you need further assistance please feel free to reach us at 1800-200-1265