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Indian mutual fund eligibility for NRIs

See which fund houses accept new investments from your country of residence.

How this works: Pick your country of residence and see which Indian Asset Management Companies (AMCs) accept new investments from NRIs based there. US and Canada NRIs are the most restricted due to FATCA and provincial regulations. Last updated: May 2026.

Loading AMC eligibility data…

Open to you

Conditional

Restricted

No AMCs match the current filter.

AMC policies change without notice. Always confirm with the fund house directly before investing. FATCA-restricted AMCs may still allow exiting investments — these flags refer to new investments only.

NRIWallah team

Updated July 2026

Why this tool exists

Access to Indian mutual funds depends on where an NRI lives. FATCA reporting has led many AMCs to stop taking new investments from US and Canada residents, and the rules are scattered across fund-house websites and forms. This checker puts the position for twenty AMCs in one place.

What it covers

Twenty of India’s largest AMCs by AUM, with eligibility data for the 14 countries with the largest Indian diaspora populations. For each:

  • Open — accepts new NRI investments from your country, normal online flow
  • Conditional — accepts you, but with extra paperwork, offline-only, or additional declarations
  • Restricted — does not accept new investments from your country (existing investments are unaffected)

What US and Canada NRIs should know

  1. You are not shut out. Nippon India, UTI, Sundaram and, with conditions, ICICI Prudential still accept you. That gives you a range of funds for an NRI portfolio , which you can fund from your NRE or NRO account .

  2. The process is usually offline. Most AMCs that accept US and Canada NRIs require physical KYC and forms, so allow time for the post.

  3. Existing investments continue. SIPs started before you moved usually carry on, because the restrictions apply to new investments.

What’s NOT On This List

  • PMS (Portfolio Management Services) — different eligibility rules, Rs 50 lakh minimum
  • AIFs (Alternative Investment Funds) — Category I/II/III have separate FEMA rules
  • Direct equity. This needs a PIS account and is separate from mutual fund eligibility. If funds are closed to you, a PIS-linked demat account is one alternative, covered in the NRI investment guide .

Reliability

AMC policies change without an announcement. The AMC’s own website or your distributor is the final word, so confirm before you transact.

NRIWallah does not provide investment advice. This tool is for general guidance only. Consult a qualified financial adviser before investing.

Common questions

The US Foreign Account Tax Compliance Act (FATCA) and similar Canadian rules require Indian AMCs to report on US/Canada-based NRI investors annually. Many AMCs find the compliance cost too high and stop taking new investments from these countries. In our list, Nippon India, UTI, ICICI Prudential and Sundaram still accept US and Canada NRIs, usually with extra paperwork and an offline application.
Conditional means the AMC accepts NRI investments from that country, but with extra requirements — usually offline (physical) application only, additional FATCA declarations, and sometimes a higher minimum investment. ICICI Prudential is the most common example for US/Canada NRIs.
Usually yes. The restrictions apply to new investments, and you can redeem or withdraw at any time. You typically cannot add new SIPs or start fresh schemes once the AMC has restricted your country, so check with the fund house before relying on a switch or top-up.
AMC policies change without notice. We aim to refresh the list every quarter, and the date at the top of the table shows when it was last updated. Confirm with the fund house or your distributor before a new investment, as restrictions can change between updates.
Yes. Besides the AMCs marked open or conditional, US and Canada NRIs can buy Indian shares through a PIS account, buy US-listed India ETFs, or invest in Indian government bonds through the Fully Accessible Route. Each has its own rules and costs, which the NRI investment guide covers.

Every rate and threshold here is sourced, dated and shown on the page — but tax rules change, and we would rather be told than be wrong. Reports go to the team that maintains the tool. If you can point at the official source, that gets it fixed fastest.

No account needed. We don't publish your email or add you to anything.

Prefer email? admin@nriwallah.com. How we source and review these numbers is set out in our methodology.

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