whether an nri can invest in mutual funds,if yes then what are the rules which he has to follows?

Question

if an nri wants to put his money in mutual fund in india then from which account he has to issue cheques and if he is not liable to pay any tax or tax returns then after investment whether he has to file tax returns

Answer 1

You can invest. Cheques should be drawn from NRE/FCNR/NRO A/C maintained with bank allwoed to deal in forex.

Documents required to be submitted by NRIs alongwith the Application Form:

In case Indian rupee drafts are purchased abroad or from FCNR / NRE A/c., an account debit certificate from the Bank issuing the draft confirming the debit shall also be enclosed alongwith the Application Form.

For subscriptions amounts remitted out of debit to the FCNR / NRE A/c., the Application form must be accompanied with a Foreign Inward Remittance Certificate (FIRC), issued by the Investor’s banker(s).

Answer 2

Open an Demat Account

Answer 3

Yes..i think..pls. read the respective offer document for details.