No. NRIs, PIOs, and FIIs do not need separate approval from the Reserve Bank of India (RBI). They have general permission under Indian regulations to invest in and redeem mutual fund units.
Note:
- All such investments must comply with SEBI and FEMA guidelines.
- Only a limited number of Asset Management Companies (AMCs) allow investors based in the U.S. and Canada to invest, as most restrict such investments due to compliance requirements (FATCA/CRS).
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