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Invest through TATA Mutual Fund in Indian markets.
Non Resident Indians and (NRI) Persons of Indian Origin (PIO) residing abroad (NRIs) / Foreign Institutional Investors (FIIs) have been granted a general permission by Reserve Bank of India Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 for investing in / redeeming units of the mutual funds subject to conditions set out in the aforesaid regulations. Investments by NRIs in Mutual Funds can be made on a repatriable or on a non-repatriable basis, as preferred by the investor.
To invest on a repatriable basis, you must have an NRE or FCNR Bank Account in India. The Reserve Bank of India (RBI) has granted a general permission to Mutual Funds to offer mutual fund schemes on repatriation basis, subject to the following conditions:
The Reserve Bank of India (RBI) has granted a general permission to Mutual Funds to offer mutual fund schemes on non-repatriation basis, subject to the condition that funds for investment should be provided by debit to NRO account of the NRI investor.
No permission of Reserve Bank either by the Mutual Fund or the NRI investor is necessary. Only Overseas Corporate Bodies (OCBs) and FIIs require prior approvals before investing in Mutual Funds
Download the latest snapshot of tax rates specific to Mutual Funds.
