Trade mutual funds in India as NRI - which trading platforms allow this ?

[hunkyfunky2]

ICICI doesn't.

I'm not happy with them so far... Too much hassle to do anything.

 

 

[JackSeal]

1 hour ago, hunkyfunky2 said:

ICICI doesn't.

I'm not happy with them so far... Too much hassle to do anything.

 

 

SBNRI ani app vundhi, using that you can buy mutual funds (Regular). You can buy only mutual funds managed by UTI, Aditya Birla, Quant, Novi, Nippon.

Many mutual fund houses and brokers are not selling mutual funds to US/Canada residents as FATCA regulations related to MF are bit trickey.

[hunkyfunky2]

17 minutes ago, JackSeal said:

SBNRI ani app vundhi, using that you can buy mutual funds (Regular). You can buy only mutual funds managed by UTI, Aditya Birla, Quant, Novi, Nippon.

Many mutual fund houses and brokers are not selling mutual funds to US/Canada residents as FATCA regulations related to MF are bit trickey.

Thanks.

Is this restriction by actual mutual funds or trading platforms? 

I was told by ICICI that they decided not to offer, even though it's legal and govt allows it. 

[hunkyfunky2]

18 minutes ago, JackSeal said:

SBNRI ani app vundhi, using that you can buy mutual funds (Regular). You can buy only mutual funds managed by UTI, Aditya Birla, Quant, Novi, Nippon.

Many mutual fund houses and brokers are not selling mutual funds to US/Canada residents as FATCA regulations related to MF are bit trickey.

Can I link my ICICI NRI bank account to it or open another account? 

[JackSeal]

1 hour ago, hunkyfunky2 said:

Thanks.

Is this restriction by actual mutual funds or trading platforms? 

I was told by ICICI that they decided not to offer, even though it's legal and govt allows it. 

Its legal to buy but US/Canada reporting requirements are bit trickey, so some financial instituions are not allowing US residents to buy india MFs.

[JackSeal]

1 hour ago, hunkyfunky2 said:

Can I link my ICICI NRI bank account to it or open another account? 

You can link ICICI bank account. They are just agents who will be between you and MF houses.