Investing in Indian Mutual Funds: A Guide for NRIs

Getting Started: Setting Up Bank Accounts for NRI Mutual Fund Investments

Non-resident Indians (NRIs) who are looking to invest in mutual funds in India need to first set up either a Non-Resident Ordinary (NRO) or a Non-Resident External (NRE) bank account with an Indian bank. This is because Indian law does not allow Asset Management Companies (AMCs) to accept foreign currency investments. Therefore, all investments made by NRIs must be in Indian Rupees.