No, NRIs cannot invest in Indian mutual funds directly through a foreign bank account. As per FEMA guidelines, investments must be made through an INR-denominated NRE or NRO account to ensure compliance with Indian regulations.
No, NRIs cannot invest in Indian mutual funds directly through a foreign bank account. As per FEMA guidelines, investments must be made through an INR-denominated NRE or NRO account to ensure compliance with Indian regulations.