Mutual Fund Investments for NRI

For NRIs, financial growth is a breeze with NRE and NRO accounts.

Basis	NRE	NRO
Full Form	Non-Resident External Account	Non-Resident Ordinary Account
Source of Funds	Income from outside Indian boundaries is credited to the NRE Account. (Foreign currency that is converted into INR at the prevailing exchange rate.)	Income within the Indian boundaries is credited to the NRO Account.
Taxation	Interest earned is tax-free in India.	Interest earned is taxable in India. However, certain exemptions and dedications may apply.
Currency	Maintained in INR.	Maintained in INR.
Repatriation	Funds are freely repatriable overseas in foreign currency	While the principal amount in an NRO account is freely repatriable, the repatriation of interest is subject to certain conditions and restrictions.

NRE holds income from outside India, while NRO is for income within India, such as rental income. Instead of letting money sit in the bank, NRIs can opt for mutual funds to fuel wealth creation.

Investing in mutual fund schemes not only promises better returns but also allows diversification across different countries, ensuring a smart and dynamic approach to growing funds. It’s the key to making your money work for you and not just gather dust in a bank account.

NRI mutual fund investments offer a chance to diversify across various countries, reducing risk. NRIs can conveniently repatriate funds, facilitating seamless financial management across borders.

Whether seeking stability or growth, Indian mutual funds offer diverse options tailored to NRI risk preferences.

Currency Conversion Charges- NRIs may face charges related to converting their foreign currency to Indian Rupees for mutual fund transactions.