Yes, an NRI can easily invest in Indian mutual funds.
Many NRIs leave large sums of money in Fixed Deposits in their NRE or NRO bank accounts. This is huge waste of potential growth. India is best positioned among emerging markets for massive growth over the next several years.
How can NRIs invest in Mutual Funds?
- Go for an online portal that makes investing easy and online.
- If you are a US/Canada NRI make sure the platform handles that easily.
- Also NRE/NRO accounts must be handled smoothly.
- One such platform is jama.co.in/nri which helps curate best funds for NRIs (Disclosure: I am associated with Jamā)
- Once you sign up, the portal will customise the fund selection based on you NRI status. US/Canada residents may see fewer fund houses due to the regulatory constraints.
- Switch your old funds to direct plans easily. Or consolidate your portfolio and get an expert advisor to rebalance your portfolio.
- Ongoing investments can be quite easy and seamless. Invest lumpsum or via SIPs
