Yes, US based NRIs can very much invest in mutual funds in India.
The Indian economy has been doing quite well with a slew of structural reforms implemented by the Government of India such as a uniform country wide Goods & Services Tax (GST), New Bankruptcy Code. A huge push towards building infrastructure, airpots, sea ports are all going to yield significant results in the coming years.
Given these, an US based investor should definitely consider investing in Indian equities via equity mutual funds.
Investing in an online advisory platform like Jama.co.in, makes the process completely online and seamless.
- Invest in direct only plans – 0% commission means you make upto 40% more
- Trusted advisory. Go for a reasonably priced advisor who has skin the game. Avoid platforms that promise everything free. Given the huge costs involved in acquiring customer and running the platforms, they recover that from the investor by showcasing wrong funds or offering suboptimal advice.
Happy Investing!
