Can I invest in Reliance NRI Equity Fund if I am not an NRI but a resident Indian?

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Can I invest in Reliance NRI Equity Fund if I am not an NRI but a resident Indian?

Reliance NRI Equity Fund is an open ended equity mutual fund based in India. It is consistently giving returns above 60% per annum. According to one website it is to be subscribed to only by NRIs. The minimum subscription is Rs 50,000. Can Indians residing in India subsribe to it?

2006-10-31 12:21:59 · 2 answers · asked by Anonymous in Business & Finance ➔ Investing

2 answers

no u cant invest in any nre accounts residing in india.ICICI as well as citibank have accounts called as NRO which can be much useful

2006-10-31 12:30:21 · answer #1 · answered by Ash c 2 · 0⤊ 0⤋

you can not but a relative of yours if he happens to be an NRI, he can.

2006-10-31 14:30:55 · answer #2 · answered by cvrk3 4 · 0⤊ 0⤋