Some mutual fund companies in India do not allow NRIs from the USA and Canada to invest because of strict rules under FATCA and other regulations.
However, many fund houses do allow investments, but they ask for extra paperwork from NRIs living in these countries.
Mutual Fund houses accepting investments from US/Canada are as follows:
| AMC | Eligibility for US/Canada NRIs | Conditions / Notes |
|---|---|---|
| Aditya Birla Sun Life MF | Allowed | FATCA/CRS declaration required |
| SBI Mutual Fund | Allowed | Extra documentation, often offline mode |
| UTI Mutual Fund | Allowed | Additional compliance forms required |
| ICICI Prudential MF | Allowed | Offline declaration + FATCA compliance |
| TATA Mutual Fund | Allowed | Subject to extra paperwork |
| L&T Mutual Fund | Allowed | Restrictions on certain schemes (e.g., close-ended funds) |
| PPFAS Mutual Fund | Allowed | Accepts with FATCA/CRS documentation |
| Sundaram Mutual Fund | Allowed | Additional paperwork may be required |
| Nippon India Mutual Fund | Allowed | Subject to FATCA rules |
| Quant Mutual Fund | Allowed | May restrict SIPs; lump-sum often permitted |
Need help understanding your Mutual Fund investments?
Get simple, transparent assistance in selecting or reviewing your mutual fund portfolio — no obligation, no sales pitch.
📞 Book a Free Call