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Saturday, March 4, 2017

NRI from Canada and US Invest in Mutual Funds in India


Investing in Indian mutual funds by NRIs from US and Canada


As of December 2016, eight Indian fund houses were accepting investments from US/Canada-based NRIs



Most of the Indian mutual fund houses have stopped accepting funds from US and Canada based NRIs due to regulatory restrictions. This is because the Foreign Account Tax Compliance Act (FATCA) makes it compulsory for all financial institutions in the world to report comprehensive details of all transactions involving US/Canada residents, (including non-resident Indians) to the US & Canada Government.


Top 4 Tax Saver Mutual Funds for 2017 - 2018

Best 4 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund


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Invest in Tax Saving Mutual Funds Download Any Applications
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