Can an NRI, with just a PAN card, invest in Indian mutual funds and stocks?

Save over 60% on Brokerage

We can help you save between 60% to 90% brokerage fee & taxes. Contact us today...

NamePhone
EmailCity
State
Are you a day trader?

Yes, NRIs can invest in a mutual fund with just a PAN card and NRE/NRO account. They have to complete the KYC again, even if they have already done it while owing Indian resident status. On the other hand, to start investing in shares, you will need NRE/NRO accounts under PIS bank, bank account, and Demat account.

To start investing in mutual funds, you have to visit the AMC (Asset Management Company) which offers MF schemes. The next step is to register with the AMC to get your KYC done. Lastly, link your bank account with the scheme and start investing.


1 Comments

VALLI
1. VALLI  Nov 24, 2020 17:08 I Like It. | Report Abuse Reply
i was a resident indian investing in mutual funds.recently if i become NRI should how to updtae kyc with mutual fund houses.can i contiue with previous bank account or convert them to nro account.what happens to equity mutual funds that i have already invested.should i discontinue my sips?

Ask Your Question







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App