Zerodha (Trade with the best stock broker)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
No, NRI's don't need a PIS certificate from RBI to invest in mutual funds. As Mutual Fund companies are only allowed to accept investments in Indian rupees, an NRI has to source the investments from a non-PIS NRE or NRO accounts.
Comments
Add a public comment...
Find more questions on this topic
- Can NRI invest in mutual funds?
- Can US NRIs invest in Mutual Fund?
- What is the power of attorney (PoA) for NRI mutual funds?
- How to add a POA to an existing NRI Mutual Fund account?
- How do I cancel a PoA from an NRI mutual fund account?
- Does mutual fund investment by NRIs attract double taxation?
- Is indexation applicable on mutual funds for NRI?
- Can NRI Buy Direct Mutual Fund?
- Can an NRI invest in mutual funds through foreign currency?
- Can an NRI, with just a PAN card, invest in Indian mutual funds and stocks?
- What happens if I invest in Mutual Funds as an ordinary resident after becoming an NRI?
- Can a Power of Attorney holder invest in Mutual Funds on behalf of NRI?
- Can an NRI invest in a mutual fund tax savings scheme?
Ask Your Question
By Popular Stock Brokers
Kotak Securities
(Trade Free Plan)
FREE Account Opening (₹0)
FREE Intraday Trading (Eq, F&O)
Zerodha (₹20 per Trade)
Upstox (₹20 per Trade)
Angel One (₹20 per Trade)
Nuvama Wealth (₹10 per Trade)
5Paisa (₹20 per Trade)
ProStocks (₹899 Unlimited)
Compare Share Broker in India
Zerodha Vs Upstox
Nuvama Vs Zerodha
ICICI Direct Vs HDFC Sec
Zerodha Vs 5Paisa
Zerodha Vs ProStocks
Download Mobile App
Disclaimer and Privacy Statement.
© 2023 Chittorgarh Infotech Pvt Ltd. All Rights Reserved.
