Can NRIs invest in Indian mutual funds?
Yes, NRIs can invest, but there are a few things to keep in mind:
- Must use an NRE/NRO account linked with a KYC-compliant PAN.
- Dividends are taxed at 20% (plus surcharge/cess), while long-term capital gains above ₹1 lakh are taxed at 10% for equity funds. Short-term gains follow standard rates.
- Avoid funds that don’t allow NRI investments—most large AMCs do allow them.
u/Sweaty_Management624 — 8 days ago