logo
nri banner

Mutual Fund for NRI

Invest through TATA Mutual Fund in Indian markets.

Can NRIs invest in Mutual Funds in India?

Non Resident Indians and (NRI) Persons of Indian Origin (PIO) residing abroad (NRIs) / Foreign Institutional Investors (FIIs) have been granted a general permission by Reserve Bank of India Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 for investing in / redeeming units of the mutual funds subject to conditions set out in the aforesaid regulations. Investments by NRIs in Mutual Funds can be made on a repatriable or on a non-repatriable basis, as preferred by the investor.

Repatriable Basis

To invest on a repatriable basis, you must have an NRE or FCNR Bank Account in India. The Reserve Bank of India (RBI) has granted a general permission to Mutual Funds to offer mutual fund schemes on repatriation basis, subject to the following conditions:

  • The mutual fund should comply with the terms and conditions stipulated by SEBI.
  • The amount representing investment should be received by inward remittance through normal banking channels, or by debit to an NRE / FCNR account of the non-resident investor.
  • The net amount representing the dividend / interest and maturity proceeds of units may be remitted through normal banking channels or credited to NRE / FCNR account of the investor, as desired by him subject to payment of applicable tax.
nri guide
nri guide

Non-Repatriable Basis

The Reserve Bank of India (RBI) has granted a general permission to Mutual Funds to offer mutual fund schemes on non-repatriation basis, subject to the condition that funds for investment should be provided by debit to NRO account of the NRI investor.

No permission of Reserve Bank either by the Mutual Fund or the NRI investor is necessary. Only Overseas Corporate Bodies (OCBs) and FIIs require prior approvals before investing in Mutual Funds

Tax Reckoner 2023-24

Download the latest snapshot of tax rates specific to Mutual Funds.

browse funds banner

We invite NRIs to capitalise on the growth potential by investing & taking advantage of the investment opportunities in India

A guide for NRIs

How does an NRI invest in Schemes of Tata Mutual Fund?

What are the KYC formalities that the NRI need to complete?

Is nomination by NRIs allowed in the schemes of Tata Mutual Fund?

Can a Power of Attorney (POA) holder invest on behalf of the NRI investor?

How can an NRI carry out transactions like additional purchase / redemption / switching?

Can I perform the redemption of units and change the bank mandate simultaneously?

What is the Tax implication for NRI investors?

After an application for when will the units be allotted to the NRI?

Will TMF accept an NRI application with an overseas bank account detail?

Who cannot invest in Tata Mutual Fund?

Does Tata Mutual Fund have an option to “Transact online”?

How does an NRI investor redeem his/her funds?

The cheque or the DD for purchase / additional purchase should be payable or drawn on which location?

Can an NRI have a joint account in a scheme of Tata Mutual Fund with a resident Indian?

Does TMF have a online tracking of the undelivered redemption / dividend cheques?

Communication for Existing NRI investors

What is the mode of Redemption and Dividend payout offered by TMF?

What is the procedure to change the Tax Status from NRI to Resident Indian?

Articles for you

More on mutual funds from our knowledge center

card image

All You Need to Know About Shariah Investing

Before we begin analyzing Shariah Investing, let's first understand what Shariah is.Sharia...

arrow iconshare icon