Here is a list of fund houses in India that allow NRIs to invest in their mutual funds (country wise):


Country: USA(United States of America)/Canada


Demat mode Physical mode
L&T Mutual Fund Birla Sun Life Mutual Fund
Reliance Mutual Fund SBI Mutual Fund

UTI Mutual Fund

ICICI Prudential Mutual Fund

DHFL Pramerica Mutual Fund

PPFAS Mutual Fund

Sundaram Mutual Fund

L&T Mutual Fund

Reliance Mutual Fund



Country: UAE (United Arab Emirates)


HDFC Mutual Fund
UTI Mutual Fund
LIC Nomura Mutual Fund
BNP Paribas Mutual Fund
Edelweiss Mutual Fund
Quantum Mutual Fund
Taurus Mutual Fund
Principal Mutual Fund
IIFL Mutual Fund
Kotak Mutual Fund.
Pramerica Mutual Fund
PPFAS Mutual Fund
Axis Mutual Fund
IDFC Mutual Fund.
IDFC Mutual Fund.
Religare Invesco Mutual Fund
Goldman Sachs Mutual Fund
Baroda Pioneer Mutual Fund
IDBI Mutual Fund
Motilal Oswal Mutual Fund
AXA Mutual Fund
LIC Nomura Mutual Fund
PineBridge Mutual Fund
L&T Mutual Fund
Mirae Asset Mutual Fund.
DSP Blackrock Mutual Fund
Reliance Mutual Fund.
Tata Mutual Fund
Sundaram Mutual Fund
ICICI Prudential Mutual Fund
HSBC Mutual Fund
HSBC Mutual Fund
Mirae Asset Global Investments (India) Pvt. Ltd
SBI Mutual Fund
Morgan Stanley Mutual Fund
DHFL Pramerica Mutual Fund


Below list displays the AMCs and corresponding blocked countries for investment of NRIs


AMC Name Blocked Countries
HDFC Mutual Fund United States of America,Canada,North Korea,Iran 
UTI Mutual Fund United States of America, Canada
LIC Nomura Mutual Fund United States of America, Canada
BNP Paribas Mutual Fund United States of America,Canada, Iran, Sudan, Syria, Cuba, Belarus, Myanmar, South Sudan, Lebanon, Libya, Zimbabwe, Ivory Coast, Eritrea, Guinea Conakry, Iraq, Liberia, Somalia, Congo, Afghanistan, Central African Republic and Democratic People's Republic of Korea (DPRK).
Edelweiss Mutual Fund United States of America, Canada
Quantum Mutual Fund United States of America, Canada
Taurus Mutual Fund United States of America, Canada
Principal Mutual Fund United States of America, Canada
IIFL Mutual Fund United States of America, Canada
Kotak Mutual Fund. United States of America, Canada
Pramerica Mutual Fund Afghanistan, Albania, Angola, Argentina, Cambodia, Cuba, Ethiopia, Iraq, Kuwait, Lao PDR, Namibia, Nicaragua, Pakistan, Panama, Papua New Guinea, Sudan, Syria, Tajikistan, Turkey, Uganda, Yemen, Zimbabwe
PPFAS Mutual Fund Afghanistan, Albania, Angola, Cambodia, Canada, Guyana, Iraq, Kuwait, Lao PDR, Namibia, Nicaragua, Pakistan, Panama, Papua New Guinea, Sudan, Syria,Uganda, USA, Yemen, Zimbabwe
Axis Mutual Fund United States of America, Canada
IDFC Mutual Fund. Myanmar, Cuba, Iran, Sudan, Korea, Democratic Peoples Republic Of Algeria, Ecuador, Indonesia, Syrian Arab Republic
IDFC Mutual Fund. Myanmar, Cuba, Iran, Sudan, Korea, Democratic Peoples Republic Of Algeria, Ecuador, Indonesia, Syrian Arab Republic
Religare Invesco Mutual Fund United States of America, Canada, Iran, North Korea
Goldman Sachs Mutual Fund United States of America, Canada
Baroda Pioneer Mutual Fund United States of America, Canada
IDBI Mutual Fund United States of America, Canada
Motilal Oswal Mutual Fund United States of America, Canada
AXA Mutual Fund United States of America, Canada
LIC Nomura Mutual Fund United States of America, Canada
PineBridge Mutual Fund United States of America, Canada
L&T Mutual Fund No Restrictions for investors
Mirae Asset Mutual Fund. United States of America, Canada
DSP Blackrock Mutual Fund United States of America, Canada
Reliance Mutual Fund. No Restrictions for investors
Tata Mutual Fund United States of America, Canada
ICICI Prudential Mutual Fund United States of America, Canada
HSBC Mutual Fund United States of America, Canada , Iran,  North Korea, Syria, Cuba and Sudan (North)
HSBC Mutual Fund United States of America, Canada 
Mirae Asset Global Investments (India) Pvt. Ltd Iran,  Republic of North Korea
SBI Mutual Fund United States of America, Canada
Morgan Stanley Mutual Fund United States of America, Canada
Edelweiss Mutual Fund United States of America, Canada
Pramerica Mutual Fund  Afghanistan, Albania, Angola, Argentina, Cambodia,Cuba, Ethiopia, Iraq, Kuwait, Lao PDR,Namibia, Nicaragua, Pakistan, Panama, PapuaNew Guinea, Sudan, Syria, Tajikistan, Turkey,Uganda, Yemen, Zimbabwe
DHFL Pramerica Mutual Fund Afghanistan, Bosnia and Herzegovina, Democratic People's Republic of Korea, Iran, Iraq, Lao People's Democratic Republic, Syria, Uganda, Vanuatu, Yemen


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