How can NRI’s invest in Mutual Funds?

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Non-Resident Indians (NRI) and Persons of Indian Origin (PIO) can invest in Indian Mutual Funds both on a full repatriation and non-repatriation basis. However, NRIs must ensure that they adhere to all regulatory requisites, including completion of Know Your Customers (KYC) procedures, prior to any investment. 

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Payment Procedures 

NRIs and PIOs residing abroad have multiple options for making payments, including Indian Rupee Drafts purchased overseas or cheques drawn on Non-Resident (External) (NRE) and Non-Resident Ordinary (NRO) accounts. Additionally, payments can also be made through Rupee Drafts purchased from NRE/NRO/FCNR accounts, offering a diverse range of convenient options for financial transactions. 

NOTE: Ensure to accurately select the appropriate Status in Mutual Funds Application Form.