Can NRI invest in mutual funds from NRO account?

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Yes, NRIs can invest in Mutual Fund from the NRO bank account on a non-repatriation basis. This is the easiest way for NRI to invest in India. NRI doesn't need PIS permission or report the transaction to RBI.

The main condition for NRI mutual fund investment is that the funds should be in Indian rupees from either of the NRI bank accounts as per FEMA regulations.

Topic: NRI Taxation in India (Stocks, Mutual Funds and Derivatives) Article

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