Can NRIs invest in mutual funds in India?
Yes, FYERS supports mutual fund investments for Non-Resident Indians (NRIs). However, the ability to invest depends on whether a specific mutual fund scheme permits NRI participation, which is determined by the respective AMC (Asset Management Company).
Mutual fund eligibility for NRIs on FYERS
NRIs can use FYERS to invest in direct mutual fund plans, provided:
- The AMC and scheme allow NRI investments (especially from FATCA-restricted countries like the U.S. or Canada)
- The investor has completed NRI-compliant KYC, including FATCA declaration
- The transaction is made using an NRE or NRO account
Each AMC defines its own terms for NRI participation in the offer document. FYERS reflects only eligible schemes at the time of order placement based on your account and residency status.
What If...
| Scenario | Explanation |
|---|
| You are an NRI with a verified FYERS account | You can invest in mutual funds permitted by the respective AMCs for NRI participation. |
| A fund you selected shows as unavailable | That scheme may not accept NRI investments as per its offer document. Choose a different eligible scheme. |
| Your FATCA declaration is pending | Investments will be restricted until FATCA documentation is verified. |
| You use an NRE/NRO account for payments | Ensure the correct account type is linked—some AMCs may restrict redemption to NRO accounts only. |
Always read the mutual fund’s Scheme Information Document (SID) or Key Information Memorandum (KIM) to verify if NRI investments are allowed, especially for U.S. or Canada-based investors.
Last updated: 16 Jun 2025
Related Articles
How can I invest in Mutual Funds with FYERS?
You can invest in Direct Mutual Funds in our exclusive mutual fund platform of Fyers Direct at Zero Commissions. The investments can be in Lumpsum or Systematic Investment Plan (SIP). The procedure to Buy Mutual Funds is as follows: Login to Fyers ...
How do I invest in mutual funds through the FYERS web and app?
FYERS makes mutual fund investing seamless across both web and mobile platforms. You can explore schemes, start SIPs and make one-time investments—all in a few easy steps. Steps to invest in mutual funds on FYERS Log in to FYERS (Web or Mobile). ...
What are Direct Mutual Funds on FYERS?
When investing in mutual funds through FYERS, you'll notice the term Direct Mutual Funds. These funds offer the same portfolio as regular plans but without distributor commissions, often resulting in better returns over the long term. What are Direct ...
Can I Buy Regular Mutual Funds in FYERS?
Regular Mutual Funds are the funds bought by Mutual fund brokers, distributors & advisors. Currently, we are not catering to the services of Regular mutual funds. However, you can invest in Direct mutual funds through FYERS at Zero commissions. To ...
What are balanced/hybrid funds in mutual funds?
Balanced or hybrid mutual fund schemes are designed to offer a mix of equity and debt investments within a single portfolio. These funds aim to generate moderate returns by balancing capital growth (via equities) with income stability (via debt ...