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#1
7th November 2005, 03:26 AM
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NRI wants to buy Indian Mutual Funds
Hi,
I live in the USA and wish to buy mutual funds in India. I would appreciate any help on how I should go about. ICICI Direct says on its website that only NRIs from Gulf countries are eligible. Thanks Balvinder 
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#2
7th November 2005, 07:45 AM
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Re: NRI wants to buy Indian Mutual Funds
Your best bet would be to invest in Indian dedicated funds listed on NYSE.
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#3
7th November 2005, 01:09 PM
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Re: NRI wants to buy Indian Mutual Funds
Balvinder
You can buy it. I am here in Thailand and recently purchased SBI Magnum MultiCap and Birla Top 100 fund through New Fund Offers. I checked the following websites.. 1. http://www.moneycontrol.com 2. http://www.mutualfundsindia.com 3. http://www.way2wealth.com 4. http://www.personalfn.com After doing some research on the above websites, I downloaded the application forms for both the funds filled and send them to the Investers Service Center (Normally the addresses are mentioned in the application form), send them alongwith the cheque drawn from your NRE account. Thats it. If you want to buy existing funds than some website are offering it online like www.sbimf.com or hdfcmf.com to name it. Hope this helps you. Cheers!
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