Ravi Kumar asked on 16/02/2023

I am an NRI and want to invest in mutual funds, need to do KYC. I have an NRE account in ICICI Bank. What’s the procedure to do KYC and invest in mutual funds?

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SBNRI Team
answered on 01/03/2023

Online Mutual Fund KYC for NRI is a seamless online process through which NRIs can easily complete their KYC requirements for Mutual Funds by submitting the documents online and verifying them through In-Person Verification (IPV).

Mutual Fund KYC through SBNRI App

NRIs/ OCIs can download the SBNRI app to complete the KYC process seamlessly and invest in mutual funds in India from their country of residence without the hassle of attestation or physical paperwork. Download the SBNRI app and:

 

  • Complete your KYC: Enter your personal details and attach required documents, like:
    • PAN Number
    • Overseas address proof: Any of – Water/ electricity bill, postpaid mobile/ internet bill, rent agreement, driving license, etc.
    • Passport – front and back
    • Passport size photograph
    • Signature

 

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
    • City and country of birth
    • NRO/ NRE bank account statement/ canceled cheque for the latest 3 months
    • Nominee details

For example, AMCs like Nippon India, UTI Mutual Fund and Navi Mutual Fund currently accept the digital declaration* from NRIs.

Note: *NRI investment in mutual funds in India is subject to certain terms and conditions, and AMCs change their policies from time to time.

Non-Resident Indians or NRIs can invest in mutual funds for wealth creation.

 

SBNRI is an authorised Mutual Fund Distributor platform & registered with 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 3000+ mutual fund schemes or to ask any questions related to mutual fund investment.

For more queries like “Online Mutual Fund KYC for NRI”, click here.

To get expert advisory on online KYC of Mutual Funds at SBNRI, contact us using the button below.

 

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