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Can US-based NRIs invest in Indian mutual funds?
Yes, they can! However, not all AMCs allow investments from US-based NRIs due to the stringent compliance requirements of the Foreign Account Tax Compliance Act (FATCA).
Welcome to 'NRI Money with Alok.' In today's video, we dive deep into:
FATCA Compliance: Understanding its impact on US NRIs investing in India.
Eligible AMCs: Which mutual fund houses allow investments from US NRIs and their specific requirements.
Investment Process: How to invest using NRO/NRE accounts and the necessary documentation
00:00 Introduction
00:38 What is FATCA
01:40 Fund Houses
02:00 Category 1
02:40 Category 2
03:20 Application Form
03:30 Which bank account you should use?
04:20 FATCA declaration form
04:45 Documents required for KYC
04:50 Outro
Have any questions or need further guidance? Drop a comment below or reach out for personalized advice.
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Disclaimer: This video is for informational purposes only. The information here does not represent legal advice and should not be used as such. Please confirm the accuracy of any data or content from reliable sources on your own.
