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
What If?
| Scenario | Explanation |
|---|
| 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
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