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Does Karvy allow US and Canadian NRIs to invest in mutual funds?

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Yes, Karvy allows US and Canadian NRIs to invest in mutual funds. With Karvy, you can invest in mutual fund schemes offered by SBI, Birla SL, ICICI prudential, UTI, L&T, Sundaram MF, and DHFL only.

The Foreign Account Tax Compliance Act (FATCA) in the US and Canada requires a complex compliance process. This is the reason only 8 AMCs accept investments from the US and Canada based NRIs.



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