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 11.33 percent on non-equity mutual funds.
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