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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 31.2% on non-equity mutual funds.


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