Can NRIs invest in mutual funds through FYERS?

Can NRIs Invest in Mutual Funds Through FYERS?

Yes, Non-Resident Indians (NRIs) can invest in mutual funds through FYERS, subject to the eligibility criteria defined by the respective Asset Management Companies (AMCs). Some Asset Management Companies (AMCs) allow Non-Resident Indian (NRI) investments, while others may restrict them based on regulatory, compliance, or country-specific requirements.

An Non-Resident Indian (NRI) may be unable to invest:

  • The Asset Management Company (AMC) does not support Non-Resident Indian (NRI) investments
  • The selected mutual fund scheme may not support Non-Resident Indian (NRI) investments
  • The scheme has country-specific restrictions
  • Your Know Your Customer (KYC) or Foreign Account Tax Compliance Act (FATCA) details are incomplete or not updated.

Before placing an order, make sure that:

  • The selected scheme allows Non-Resident Indian (NRI) participation
  • Your Know Your Customer (KYC) details are completed and your Foreign Account Tax Compliance Act (FATCA) details are updated
  • Your linked bank account is eligible for Non-Resident Indian (NRI) transactions, as required

NRI clients can invest in mutual funds via SIP or lump sum. SIP requires a UPI mandate, which may not be supported by some banks for NRIs abroad; in such cases, investments must be made through the lump sum method.

What If?

ScenarioExplanation
What if the mutual fund scheme is not available for me?The scheme may not support Non-Resident Indian (NRI) investments, or it may be restricted based on Asset Management Company (AMC) rules or your country of residence.
What if my Know Your Customer (KYC) or Foreign Account Tax Compliance Act (FATCA) details are incomplete?You may face issues while trying to invest until the required details are updated and verified.
What if one Asset Management Company (AMC) allows Non-Resident Indian (NRI) investment and another does not?This is expected. Non-Resident Indian (NRI) eligibility is decided individually by each Asset Management Company (AMC).
What if you use a Non-Resident External (NRE) or Non-Resident Ordinary (NRO) account for payments?Ensure the correct bank type is linked. Some Asset Management Companies (AMCs) may restrict redemption to Non-Resident Ordinary (NRO) accounts only.

Last updated: 10 Apr 2026