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NRI FAQs

 

1. In legal terms, who exactly is an NRI (Non-resident Indian)?

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2. Can NRIs invest in Indian Mutual Fund schemes?

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3. As an NRI, do I need any prior approvals from the Reserve Bank of India to invest in mutual fund schemes?

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4. As NRI, how can I invest in an IDFC Mutual Fund?

To invest with us, you need to have any one of the following three kinds of accounts through the banks that provide this facility:

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5. Can I make foreign currency investments?

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6. How can I redeem funds?

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7. How will the redemption proceeds be paid?

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8. Can NRIs repatriate their earnings from mutual funds?

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9. Can I enroll in Systematic Investment Plans (SIP)?

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10. Can I gift mutual fund units to relatives in India?

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11. Can I avail of the indexation benefit?

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12. Can NRIs transact online?

Yes, NRIs can transact online. However, purchase transactions from NRIs residing in USA and Canada are not allowed.

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