Non-resident Indians (NRIs) often seek investment opportunities in India to secure financial stability for themselves and their families. The Indian market, known for its diverse investment options such as equities, mutual funds, fixed deposits, and debt funds, offers a promising avenue for wealth creation. This article explores the specifics of mutual fund (MF) investments in India for NRIs, highlighting the regulatory framework and the necessary steps to make informed decisions.
Investing in Indian mutual funds: The basics for NRIs
For NRIs eyeing the Indian mutual fund market, the initial step involves setting up either a Non-Resident Ordinary (NRO) or a Non-Resident External (NRE) bank account…