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Can a US-based NRI invest in the SIP in India?

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Are you a day trader?

Yes, most stock brokers in India offer a Systematic Investment Plan (SIP) Mutual Fund facility to NRIs. The Asset Management Companies (AMCs) that offer Mutual Funds allow NRIs to invest in both, lump sum and SIP ways. You can invest directly or through a Power of Attorney (PoA) holder based in India.

However, all NRIs are required to invest only in Indian Rupee and after completion of the KYC process.

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