Yes, NRIs are allowed to invest in IPO as well as mutual funds with Karvy. In the mutual funds, although the broker has a range of schemes available for investment across equity, hybrid, and debt categories. The only setback is that the broker only offers regular mutual fund plans and doesn't provide direct mutual funds.
NRI Trading process is a new paragraph that you covered for the first time. I would suggest write this para only if it is specifically given in the broker's website.
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