Repatriable or non-repatriable
Investments funded through an NRE account are made on a repatriable basis, meaning the proceeds can be sent back abroad subject to the applicable rules. Investments funded through an NRO account are non-repatriable beyond the annual limits permitted under FEMA. Which route you use should be decided before you invest, not at redemption.
US and Canada residents
Several Indian fund houses restrict or decline investors resident in the USA and Canada because of FATCA and provincial registration requirements, and the ones that accept them often impose additional conditions. We check scheme-level eligibility before you start rather than after a rejected application.
Tax in two countries
TDS applies on redemption for non-residents at rates that differ from resident investors, and you may also have a filing obligation in your country of residence. India's Double Taxation Avoidance Agreements may provide relief. We are not cross-border tax advisers — we make sure you know what applies so you can take proper advice.
Risk note — NRI investments are subject to FEMA regulations, AMC-level restrictions and the tax laws of your country of residence. Please consult a qualified cross-border tax adviser. Mutual Fund investments are subject to market risks; read all scheme related documents carefully before investing.
Questions
Asked about this service
Can I keep my resident folios after moving abroad?
You must update your residential status with the fund houses and re-link a valid NRE or NRO bank account. Continuing to hold resident folios after becoming an NRI is a compliance breach, and it creates problems at redemption.
What happens when I return to India permanently?
Your status changes back to resident and the folios need updating again, including the bank mandate and the tax treatment. We handle that transition too.
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