Is an NRI allowed to invest in Government Securities, National Plan / savings certificate and Units of UTI?
NRIs are permitted to invest in Units of UTI subject to the terms and conditions applicable for the issue/ sale thereof against remittances from abroad or out of funds held in the NRO /NRE/ FCNR accounts, through authorized dealer maintaining the account. Units can also be purchased directly from UTI. NRIs are permitted to invest freely in securities (other than bearer securities) by making remittances from abroad or out of funds held in the NRO /NRE/ FCNR accounts, through authorized dealer maintaining the account. Can NRI/OCBs make investments in domestic public/private sector Mutual Funds or Money Market Mutual Funds floated by commercial banks and public/private sector financial institutions on non-repatriation basis? NRIs are allowed to make investments in domestic public/private sector Mutual Funds or Money Market Mutual Funds floated by commercial banks and public/private sector financial institutions on non-repatriation basis. They can also make investment in the schemes of dom
Related Questions
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- Is an NRI allowed to invest in Government Securities, National Plan / savings certificate and Units of UTI?
