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Does an NRI, FII require any approval from the RBI to invest in mutual funds?

April 26, 2017Approval fii invest Mutual funds NRI rbi require

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Does an NRI, FII require any approval from the RBI to invest in mutual funds?

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No special approval is required. NRIs/PIOs/FIIs have been granted a general permission by RBI [Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000] for investing in /redeeming units of the funds subject to conditions set out in the aforesaid regulations. 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.