How can NRIs invest in mutual funds in India
Updated: 11 Jun 2022, 09:41 AM IST
TL;DR.Although there is no restriction for NRIs to invest in mutual funds, but they can’t do so in a foreign currency. So, they must have a bank account in India
Notwithstanding some logistical hassles, they are very well permitted to invest in domestic fund schemes, albeit in the local currency.