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Do I need any approvals from the Reserve Bank of India to invest in mutual fund schemes?

April 26, 2017approvals Bank India invest mutual fund Reserve Schemes

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Do I need any approvals from the Reserve Bank of India to invest in mutual fund schemes?

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Yes. Specific approval has to be taken from RBI but most of the AMC’s have taken the permission for NRI investments in their schemes, hence no permission is required for investing in the schemes of those AMC’s. Only OCBs and FIIs require prior approvals before investing in our schemes.

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No, AMCs have already taken the permission for NRI investments in there schemes, hence no permission is required for investing in the schemes of those AMCs. If any AMC have not the permission then special approval is required from RBI for making investments into specific schemes. Only OCBs and FIIs require prior approvals before investing any schemes. If you are NRI & want to start your Investments than don’t miss the opportunity and do avail the Special Kit made for NRI. For more Details Please click.