Can NRI invest in mutual funds in India?

Yes, non-resident Indians or persons of Indian origin can invest in mutual funds in India using NRE, NRO, or FCNR account.

NRIs who have mapped NRE or NRO bank accounts to their trading account can start SIP or invest lumpsum money in mutual funds. PIS approval is not required for NRI mutual fund investment in India. NRIs who have registered their KYC as a non-resident can purchase and sell domestic mutual fund units in India.

Only USA and Canada-based NRIs cannot invest in mutual funds.
To know more on mutual funds investment for NRI, click here