Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does an NRI need any approvals from the Reserve Bank of India to invest in mutual fund schemes?

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

0

Posted

Does an NRI need any approvals from the Reserve Bank of India to invest in mutual fund schemes?

1 Answer

0

Posted

No. As an NRI one does not need any specific approval from the RBI for investing or redeeming from Mutual Funds. Only OCBs and FIIs require prior approvals before investing in Mutual Funds.