NRI investing
Mutual funds and Indian shares for NRIs in the USA, Canada, UK, Australia and the Middle East.
What you need
NRE or NRO account
Investments are made from your NRE account (repatriable) or NRO account (non-repatriable, typically for income earned in India).
KYC with NRI status
PAN, passport, overseas address proof and FATCA declaration. Existing resident KYC must be updated to NRI status.
PIS for shares
To buy Indian shares on NSE or BSE you need a Portfolio Investment Scheme (PIS) permission linked to your NRE or NRO bank account, plus an NRI demat account.
By country
Acceptance rules change. We confirm each fund house's current policy for your country before you invest.
| Country | Live session (IST) | Mutual funds | Tax note |
|---|---|---|---|
| USA | Sat 8:30 pm (10 am ET) | Only some fund houses accept US residents (FATCA) | Indian funds can be PFICs for US tax; consult a US tax professional |
| Canada | Sat 8:30 pm (10 am ET) | Several fund houses restrict Canada residents | Consult a Canadian tax professional |
| UK | Sat 8:30 pm (3 pm GMT) | Check each fund house's NRI policy | India–UK tax treaty may apply; consult a tax professional |
| Australia | Sun 1:30 pm (7 pm AEDT) | Check each fund house's NRI policy | Consult an Australian tax professional |
| UAE, Saudi Arabia, Qatar, Kuwait, Oman | Sat 8:30 pm or Sun 1:30 pm | Generally the widest acceptance; confirmed per scheme | Indian tax applies on Indian gains |
Times are for northern winter; they shift by an hour with daylight saving.
Please note: we provide information and distribution services from India. We do not solicit investments in any country where doing so would breach local law. Tax treatment depends on your country of residence; please consult a qualified tax professional there.