Vandana Kaushik asked on 11/09/2023

Can NRI Invest in Quant Mutual Fund?

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SBNRI Team
answered on 11/09/2023

Yes, NRIs can invest in Quant Mutual Funds on a full repatriation and non-repatriation basis. It is suggested to note that such an investment should adhere to the Foreign Exchange Management Act (FEMA) guidelines and will be subject to certain tax implications.

 

As an NRI, you can easily invest in Quant Mutual Fund by following these below-mentioned steps:

 

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:

 

 

  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.

 

Download SBNRI App

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