News From Press NRIs struggle with new mutual fund KYC rules: 3 reasons making MF investments difficult for them now

NRIs struggle with new mutual fund KYC rules: 3 reasons making MF investments difficult for them now

Source: ET May 4, 2024

The Indian stock market has become an attractive investment option for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs). However, recent changes in regulations for mutual fund KYC (Know Your Customer) have made it difficult for new NRI and OCI investors to enter the market. Existing non-resident investors have also been affected. Due to this, many NRIs are losing out on the ability to capitalize on investment opportunities.

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