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Can NRIs invest in shares, debentures, and Mutual Funds in India?

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NRIs are permitted to make direct investments in shares and debentures of Indian companies. NRIs are also permitted to invest in mutual funds. These facilities are granted both on repatriation and non-repatriation basis.

To purchase the shares/debentures through a stock exchange on a repatriation basis, NRIs require a PIS approval from RBI which is optional to trade without repatriation benefits.

The PIS approval is not required to invest in shares by applying in an IPO or for investing in mutual funds.


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