Can NRIs Invest in Mutual Funds Through FYERS?
Yes, Non-Resident Indians (NRIs) can invest in mutual funds through FYERS, subject to the eligibility set by individual fund houses. FYERS allows NRI participation in direct mutual fund plans, but each Asset Management Company (AMC) defines its own rules—especially for investors from FATCA-restricted countries like the U.S. and Canada.
Mutual Fund Eligibility for NRIs on FYERS
To invest in mutual funds via FYERS as an NRI, the following conditions must be met:
- The mutual fund scheme must permit NRI participation (as per AMC policy)
- You must have completed NRI-compliant KYC, including FATCA declaration
- Investments must be made through a linked NRE or NRO bank account
FYERS will automatically restrict access to schemes that are not NRI-eligible. Only permissible funds will be visible to you at the time of placing an order.
Always refer to the Scheme Information Document (SID) or Key Information Memorandum (KIM) to confirm if NRI investments are allowed—especially if you're based in the U.S. or Canada.
What If...
| Scenario | Explanation |
|---|
| You are an NRI with a verified FYERS account | You can invest in schemes that allow NRI participation, as defined by the AMC. |
| A fund you selected shows as unavailable | That scheme may not allow NRI investments. Choose another eligible fund. |
| Your FATCA declaration is pending | Mutual fund orders will be blocked until your FATCA details are verified. |
| You use an NRE/NRO account for payments | Ensure the correct bank type is linked. Some AMCs may restrict redemption to NRO accounts only. |
Last updated: 11 Sep 2025
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