Mutual Fund Investment for NRIs

Investment Opportunities: NRIs can invest in mutual funds in India. However, NRIs residing in the US, Canada, and a few other countries have access to a limited number of Asset Management Companies (AMCs).

Changing AMC List: The list of AMCs available for investment by NRIs from these countries is subject to change. A list of funds in which such clients can currently invest is attached.

Restrictions on Redemptions: Mutual funds restricted for these NRIs are not only limited in terms of investment but also for online redemption of existing holdings. However, investors can redeem them by filling out a physical redemption form (attached) and couriering it to Navia for processing through the AMC.

Redemption Process:

1. Document Verification: Navia will verify the submitted documents and coordinate with the AMC for redemption.
2. Funds Transfer: Once redeemed, the funds will be credited directly to the client's bank account linked with the demat account. The entire process generally takes up to 7 working days.

Courier Address for Redemption Form:

Navia Markets Limited | NRI Division No 9, IV Floor, Ganga Griha Nungambakkam High Road Nungambakkam, Chennai - 600034