Mutual Funds Allowed for US NRIs Investing in India | 2024

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Can US-based NRIs invest in Indian mutual funds?
Yes, they can! However, not all AMCs allow investments from US-based NRIs due to the stringent compliance requirements of the Foreign Account Tax Compliance Act (FATCA).

Welcome to 'NRI Money with Alok.' In today's video, we dive deep into:

FATCA Compliance: Understanding its impact on US NRIs investing in India.
Eligible AMCs: Which mutual fund houses allow investments from US NRIs and their specific requirements.
Investment Process: How to invest using NRO/NRE accounts and the necessary documentation

00:00 Introduction
00:38 What is FATCA
01:40 Fund Houses
02:00 Category 1
02:40 Category 2
03:20 Application Form
03:30 Which bank account you should use?
04:20 FATCA declaration form
04:45 Documents required for KYC
04:50 Outro

Have any questions or need further guidance? Drop a comment below or reach out for personalized advice.

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Disclaimer: This video is for informational purposes only. The information here does not represent legal advice and should not be used as such. Please confirm the accuracy of any data or content from reliable sources on your own.

[intellogo]

Fantastic & crystal clear info!
Have been in the MF industry for 5 yrs and I was exactly looking for an answer to this same Q.
Thank you very much for this video!

[sanjaykatti]

Thank you. I think this conversation is not complete without discussing the tax implication for investing in India mutual funds for US NRIs. How does US treat such investments for tax purposes? Indian Mutual Funds fall under the category of Passive Foreign Investment Company (PFIC) in the US. As per PFIC rule, investments falling under the said category are taxed in US on notional basis as ordinary income irrespective of whether the same is actually sold or not. This could be an issue for several people

[Abhishek]

Crisp and to-the-point information. Thank you.

[mmathew]

The banks in India don't tell it's NRI customers these details. Banks make them invest while they are in India, then the banks tells they have to physically present and fill that most complex form to make transactions.

[k.b.prasad]

Thank u for providing clear procedure.

[venkatgopal]

Since a month I have been looking for this information on YouTube but could not find it. Thanks a lot for making this video which solved most of my questions related to investment in mutual funds as a nri in usa. As you mentioned we need to provide fatca details, ssn number and kyc docs, is this during the nre account opening or during the account opening in platforms like et money, coin etc for investments in mutual funds ?

[divineinvestments]

Nicely explained. thanks for the video . One question : Why is ITI Mutual fund in both the categories ?

[Kumar-wqv]

Wrong information. I have been buying NAVI funds without being present in India. Account was opened when I was in US. Investments were made when I was in US. All online.

[harishrenukunta]

Can you make video on which mutual funds allowed for UK citizen

[jayshah]

can you make a video on how one can buy such mutual funds themselves? In my understanding, many apps do not allow you to do it? Is there a common platform from where US NRIs can invest in these mutual funds?

[dxbwedding]

Can you please explain if this is possible because of PFIC in USA? Taxation in USA

[ArjunKumar-dct]

what do you mean by physical presence is it just once we need to come india and then go back BTW im from canada but i think rules r same fir canada and us

[vid_]

Banks are not allowing to invest even in the permitted mutual funds. Kindly suggest any platforms which allow Nri in canada to invest in mutual funds in india.

[PiyushPatel-cxdg]

The information is very helpful but I have a question. NRI a apply for bank card

[kartikdghangare]

Even though I can invest in Indian Market. Is it a good idea to invest in Indian stock market. INR depreciates around 5% every year. Inflation rate in usa is 3% where as in India its 6-8%. I am confused. Please help.

[Shravan_Reddy]

Hi, can we make investments into “Direct” mutual funds, or does it need to be a “Regular” Mutual Funds ?

[MBABLOGESHS]

Can US nri invest in ULIP...does it require to file 8261 form everyyear???

[surajshindeh]

Groww doesn’t allow please share more details if they do ?

[khanmanit]

I am US NRI. Can I invest in indian ETF?

[munnaaug]

Does an H1B Visa Holder and only Tax Resident in USA need to file PFIC reporting in USA for his MF Investments in India?