Suitable For

Investment in Indian Mutual Funds for NRIs

  • Diversified investments

  • Long-term wealth creation

  • Planning for goals

  • Professional management

Ways to invest and manage Mutual Funds

  • Systematic Investment Plan (SIP)

    SIP investment is a method of investing where investors contribute a fixed amount in Mutual Fund schemes, at regular intervals.

  • Lumpsum Investment

    A lumpsum Investment in a Mutual Fund is a simple way to invest a large sum of money in one go.

  • Manage on-the-go

    Track and manage your Mutual Fund investments anytime, using Net Banking and iMobile.

Things you should know

  • Investment Objective

    Define your financial goals and identify your risk profile before investing in Mutual Funds.    

  • Investment Amount Planning

    Choose an investment amount based on your goals & time horizon.

  • Fund Selection

    Select a Mutual Fund that aligns with your risk profile and investment goals.

  • Performance Review

    Analyse past performance trends before selecting a Fund.

  • Fund House Selection

    Ensure the Fund House (Asset Management Company – AMC) offers suitable schemes and aligns with your strategy.

About NRI Mutual Funds

Overview of Mutual Fund Investments for NRIs

Non-Resident Indians (NRIs) often seek investment opportunities in India to participate in the country’s economic growth, while building wealth for future financial goals. Mutual Funds provide a professionally managed and diversified investment avenue, enabling NRIs to invest in the Indian market conveniently from anywhere in the world.

Eligibility Criteria for NRIs to Invest in Mutual Funds in India

Residency Status: NRIs must be classified as non-residents under FEMA guidelines.

Bank Account Requirement: Investments must be made through an NRE (Non-Resident External) or NRO (Non-Resident Ordinary) account. Use the NRE account for repatriable foreign income; use the NRO account for income from India.

Source of Funds: The investment must be made through an NRE or NRO account through legitimate banking channels.

Permitted Mutual Fund Houses: Most Indian Mutual Fund Houses (AMCs) accept NRI investments, but some may restrict investments from the USA and Canada due to FATCA compliance. Check that the AMC or platform accepts investors from your country of residence.

Process Checklist: Check if any one-time registration is required at the Bank/platform level and follow the required process.

KYC and FATCA Compliance: NRIs must complete Know Your Customer (KYC) requirements for Mutual Fund and Foreign Account Tax Compliance Act (FATCA) requirements.

Benefits of Investing in Mutual Funds for NRIs

Diversification: Spread investments across various asset classes and sectors to reduce risk.

Professional Management: Funds are managed by SEBI-registered Fund Managers, ensuring expert guidance.

Mode of Investment: Investments can be made through SIP or lumpsum

Range of investment options: NRIs can choose to invest across a wide range of equity, debt and hybrid schemes, based on risk profile.

Low Minimum Investment: Start with as little as ₹500 monthly via SIP

Long-Term Growth Potential: Benefit from the long-term growth of the Indian economy.

FAQs

How do I start investing in Mutual Funds?

Once the Mutual Fund registration in your ICICI Bank Saving Account is active, you can start investing by logging into Net Banking or iMobile.

What is the minimum amount required to invest?

Most Mutual Funds allow SIP investments starting from ₹500 per month.

How do I redeem my investment?

You can redeem Mutual Fund units through Net Banking or the iMobile app, directly from the Fund House website, or the MF Central platform.

What is NAV in Mutual Funds?

NAV (Net Asset Value) represents the per-unit price of Mutual Funds, calculated daily, based on market fluctuations.

Can I stop my SIP anytime? 

Yes, you can stop your SIP anytime via Net Banking or the iMobile app.

How is Mutual Fund income taxed for NRIs in India?

Mutual Fund income for NRIs is subject to tax as per the prevailing Income Tax regulations. Tax is generally deducted at source on capital gains, at applicable rates before redemption proceeds are credited. The tax treatment depends on the type of scheme, the holding period, and the nature of the gains. Dividend income, if applicable, is also taxable. Investors should consider Double Taxation Avoidance Agreement (DTAA) provisions, where relevant.

Disclaimer

Mutual Fund investments are subject to market risks. Read all scheme related documents carefully.

 

The information contained herein, is only for the purpose of information and not for distribution. It does not constitute an offer to buy or sell or solicitation of any offer to buy or sell any securities or financial instruments in the United States of America (‘US’) and/or Canada or for the benefit of US persons (being persons falling within the definition of the term ‘US Person’ under the US Securities Act, 1933, as amended) or persons residing in Canada.

 

Terms and Conditions of ICICI Bank, as available at www.icici.bank.in and Terms and Conditions of third parties apply. ICICI Bank is not responsible for third-party products, goods, services and offers. Customers shall be deemed to have read, understood and consented to these terms and conditions.

 

Nothing in this document is intended to constitute advice of any kind including legal, tax, securities or investment advice, opinion regarding appropriateness of any investment, an offer, invitation or solicitation for any product or service and does not intend to create any rights or obligations.

 

The use of any information set out in this document is entirely at the recipient’s own risk. ICICI Bank does not accept any responsibility for any errors, whether caused by negligence or otherwise, or for any loss or damage incurred by anyone by placing reliance on anything set out in this document. This includes any loss or shortfall resulting from the operations of the Mutual Funds. The information set out herein may be subject to updation, completion, revision, verification and amendment.

 

ICICI Bank is acting merely as a Distributor/Corporate Agent/Point of service for third parties. Any investment in such third-party products/services shall constitute to be a contract between the investor and the third party. ICICI Bank shall not be liable or responsible for any loss resulting from the third party’s products. The contract with regards to the Mutual Fund is between the asset management company and the investor and not between ICICI Bank and the investor. Participation by ICICI Bank’s customers is on a purely voluntary basis and there is no direct or indirect linkage between the provision of the banking services offered by the Bank to its customers and their usage of the product or participation in the scheme. Please visit https://www.icici.bank.in/personal-banking/investments/mutual-funds/disclosure for more details.

 

ICICI Bank Limited is an ‘AMFI - Registered Mutual Fund Distributor’