Yes, Non-Resident Indians (NRIs) can purchase mutual funds in India. They can purchase and invest in both domestic and foreign mutual funds offered by the Asset Management Companies (AMCs). Do keep in mind that there are certain restrictions and requirements that NRIs need to abide by under the Foreign Exchange Management Act (FEMA) while investing in mutual funds in India.

NRIs can now download SBNRI App and choose to invest from 2,000+ mutual fund schemes in India with ease. Make your NRI mutual fund investing dream a reality with SBNRI app today. 

Step 1: Set up your NRI account: You need to open an NRE or NRO account basis the type of earnings and savings you will be collecting. Both NRE and NRO are rupee-denominated bank accounts. Generally, NRE accounts are maintained to deposit your foreign earnings in India while NRO accounts are maintained to collect the earnings and income generated by NRI within India. Once your NRO account is activated, you can apply for the Mutual Fund KYC for further steps.

Step 2: SBNRI allows KYC-compliant NRIs/OCIs to easily invest in mutual funds in India from their country of residence. You can simply download the SBNRI app and follow these procedures:

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1. To complete your KYC you will need the below-mentioned documents for validation:

• PAN Card
• Overseas Address Proof: Any water/electricity bill, internet/postpaid mobile bill, rent agreement, driver’s license, etc.
• Passport: Front and back
• Passport size photograph
• Signature

2. Once your KYC is approved, you need to link your NRO or NRE bank account and start investing in the mutual funds.  

SBNRI is an authorised Mutual Fund Distributor platform & registered with the Association of Mutual Funds in India (AMFI). ARN No. 246671. NRIs willing to invest in mutual funds in India can download SBNRI App to choose from 2,000+ mutual fund schemes or can connect with the SBNRI wealth team to better understand Mutual Fund investments.

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