As a Mutual Fund Distributor we can offer services to Non-Resident Indians (NRIs) by following certain procedures and complying with regulatory requirements:

Understanding Regulatory Framework:

We familiarize yourself with the regulatory framework governing mutual fund investments by NRIs. In India, NRIs can invest in mutual funds under the Foreign Exchange Management Act (FEMA) regulations.

Know Your Customer (KYC) Compliance:

Ensure that NRIs complete the KYC process as per the regulations prescribed by the Securities and Exchange Board of India (SEBI). This includes collecting necessary documents such as passport copies, overseas address proof, and Foreign Account Tax Compliance Act (FATCA) declaration.

Offering Eligible Mutual Fund Schemes:

Offer mutual fund schemes that are eligible for investment by NRIs. Most mutual funds in India allow NRIs to invest, but certain funds may have restrictions or additional documentation requirements.

Taxation Awareness:

Educate NRIs about the tax implications of investing in mutual funds in India. NRIs are subject to different tax regulations compared to resident Indians, and it's important to explain the tax treatment of capital gains, dividends, and any applicable tax deductions or exemptions.

Currency Conversion:

Assist NRIs in facilitating currency conversion for investing in Indian rupees. NRIs can invest in Indian mutual funds using funds held in their Non-Resident External (NRE) or Non-Resident Ordinary (NRO) accounts after converting them into Indian rupees.

Providing Documentation Assistance:

Help NRIs with the required documentation for investing in mutual funds, including completing application forms, providing investment advice, and obtaining necessary signatures.

By adhering to these guidelines and providing personalized service tailored to the needs of NRIs, we can effectively cater to this segment of investors and help them achieve their financial goals through mutual fund investments in India.