How can NRI invest in Mutual Fund?
Answers:
There are no restrictions. NRI can invest by transfer from his NRE bank account, if desirous of repatriation eventually, and from NRO account if not. The money deposited into NRE a/c has to be through proper banking channels, that is inwards foreign exchange remittance or transfer from another NRE account of the same person with another bank.
All banks are authorised dealers in foreign exchange. State Bank of India,being the biggest bank, offers best rates often. The account is useable for all purposes. As for identifying good funds, log in www. easymf.com
Banks that enable online transaction processing seem to be ideal for NRI's who can operate their Accounts based on contingent needs; NRI's can even take direct exposure into the Capital Markets with reasonable safety for better returns through a seasoned PMS service provider.For more information contact <IAAI(dot)Kapital@gmail.com>.
1. NRIs can invest in Mutual funds, there are no restrictions.
2. most suitable banks for transactions is HDFC
3. You may contact me for more details.
4. We have a portal, and your investments can be mointered on the web.
5. You may email me on kminotra@gmail.com for assistance
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