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| Discuss Are Foreign citizens of Indian origin eligible to invest in Indian Mfs? at the Mutual Funds Discussion Forum within the Traderji.com - Discussion forum for Stocks Commodities & Forex; According to AMFI foregin citizens of Indian origin are not allowed to invest in Indian ... |
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#1
9th May 2008, 02:25 AM
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Are Foreign citizens of Indian origin eligible to invest in Indian Mfs?
According to AMFI foregin citizens of Indian origin are not allowed to invest in Indian MFs. But if they come to India and settle down in India; suppose a US citizen of Indian origin returns to India and starts working in In
 dia is such a person allowed to invest in Indian Mutual Funds?
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#2
9th May 2008, 03:10 AM
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Re: Are Foreign citizens of Indian origin eligible to invest in Indian Mfs?
Yes, foregin citizen of indian origin are allowed to invest in indian market in stocks or in mutual fund.
I am not sure about USA but i am from canada and planing to invest in mutual funds, which is bit simple then to invest in stocks.
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#3
9th May 2008, 05:39 AM
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Re: Are Foreign citizens of Indian origin eligible to invest in Indian Mfs?
Quote:
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#4
9th May 2008, 08:36 AM
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Re: Are Foreign citizens of Indian origin eligible to invest in Indian Mfs?
The following benefits will accrue to an OCI:
(i) A multiple entry, multi-purpose lifelong visa for visiting India. (ii) Exemption from registration with the local police authorities for any length of stay in India. (iii) Parity with Non-Resident Indians (NRIs) in respect of economic, financial and educational fields, except in relation to acquisition of agricultural or plantation properties. Any other benefits to OCIs will be notified by the Ministry of Overseas Indian Affairs (MOIA) under Section 7B(1) of the Citizenship Act, 1955. Quote:
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