How can an NRI open a Mutual Fund account?

To open a Mutual Fund account as an NRI, you must follow these steps: KYC Compliance: Complete the Know Your Customer (KYC) process by submitting necessary documents such as passport, overseas address proof, and a recent photograph. Choose a Fund: Select a Mutual Fund Scheme suitable for your investment goals. Application Form: Fill out the Mutual Fund application form, providing details of your NRE/NRO account. Submit Documents: Submit the application form along with required documents to the fund house or through a registered Mutual Fund distributor. Alternatively, many fund houses offer online application facilities for NRIs, wherein you can fill out the online application form and submit soft copies of the required documents.

What documents are required for NRIs to invest in Mutual Funds?

To invest in Mutual Funds as an NRI, the following documents are typically required: Proof of Identity: You must provide a copy of your passport, specifically the relevant pages with your photograph and signature. Proof of Address: Overseas address proof, such as utility bills or bank statements, and a local address proof document, if available. PAN Card: A copy of your Permanent Account Number (PAN) card. KYC Compliance: Completed Know Your Customer (KYC) form. Bank Account Details: Information on your NRE/NRO account, along with a cancelled cheque. FATCA Declaration: Foreign Account Tax Compliance Act (FATCA) declaration form.

Check Documents Required to Apply for NRI Mutual Fund at HDFC Bank

Mutual Funds Application

Secure Your Future: Start Investing with HDFC Bank Mutual Funds

Key Features of NRI Mutual Fund Application

Buy/Sell Online
Manage your Mutual Funds with NetBanking
Cut-off timings
Eligibility Criteria
Most Important Terms & Conditions

Buy/Sell Online

Leverage the freedom to purchase, redeem, and switch funds and investment preferences at your convenience, all for a nominal, flat quarterly maintenance fee. Also, enjoy the flexibility to invest whenever you please, whether from home or on-the-go through NetBanking.

Manage your Mutual Funds with NetBanking

Link your HDFC Bank account to your Investment Services Account to fund Mutual Fund purchases.
Enhanced security with authentication and validation based on a unique Internet Password (IPIN) for NetBanking.
View NAV and other details for all your holdings effortlessly.
Confirm transactions before processing your purchases.
Receive direct credits on redemption and dividend payouts to your account.
Choose from selected AMC schemes for purchase and redemption.
The cut-off time for same-day NAV via NetBanking is 2.00 PM.
For documentation, provide your PAN (Permanent Account Number) attested by the Indian embassy for KYC compliance to apply for Online Mutual Funds. Note that the actual processing of KYC documents is handled by CVL Ventures Ltd, and you must comply with any specific requirements raised by the entity.

Cut-off timings

The cut-off time for same day NAV is 1400 hours (2.00 p.m. IST). Instructions received on transaction day before the cut-off will be eligible for the same day's NAV (excluding Saturdays, Sundays, and Holidays). Transactions received after the cut-off will have the next working day's NAV applied.

For liquid scheme NAV computation:

Historic NAV cut-off is 1230 hours (12.30 p.m. IST). Instructions received before this time on transaction day will be eligible for Historic NAV (excluding Saturdays, Sundays, and Holidays).
Same day NAV cut-off is 1400 hours (2.00 p.m. IST). Instructions received between 12.30 p.m. and 2.00 p.m. will be eligible for the same day's NAV (excluding Fridays, Saturdays, Sundays, and Holidays).
For transactions after 1400 hours on Thursday but before 1230 hours on Friday, Thursday's NAV applies.
For transactions after 1230 hours on Friday but before 1400 hours, Sunday's NAV applies as per AMC rules for NAV applicability.
For transactions initiated after 1400 hours on Fridays, Weekends, or holidays, The applicable NAV will be as per the next NAV declared by AMC end.
For transactions after 1230 hours on a day before a non-working day, the NAV of the holiday will apply (last holiday NAV in case of consecutive holidays).

We acknowledge and agree that instructions submitted before the designated cut-off time will be processed on the same day. Instructions received after this time will be processed on the next working day. Transactions submitted on holidays will be processed on the subsequent business day, with Net Asset Value (NAV) calculated as per the Mutual Fund's offer document, reflecting HDFC Bank's commitment to timely and reliable service.

Eligibility Criteria

The applicant must be an existing bank account holder, and provide your customer ID .
The Savings Bank Account must be in on a single or either/survivor basis.
All account holders must sign the account opening application form.
All account holders must sign the bank account linkage letter.

Most Important Terms & Conditions

The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.

Frequently Asked Questions

To open a Mutual Fund account as an NRI, you must follow these steps:

KYC Compliance: Complete the Know Your Customer (KYC) process by submitting necessary documents such as passport, overseas address proof, and a recent photograph.
Choose a Fund: Select a Mutual Fund Scheme suitable for your investment goals.
Application Form: Fill out the Mutual Fund application form, providing details of your NRE/NRO account.
Submit Documents: Submit the application form along with required documents to the fund house or through a registered Mutual Fund distributor.

Alternatively, many fund houses offer online application facilities for NRIs, wherein you can fill out the online application form and submit soft copies of the required documents.

To invest in Mutual Funds as an NRI, the following documents are typically required:

Proof of Identity: You must provide a copy of your passport, specifically the relevant pages with your photograph and signature.
Proof of Address: Overseas address proof, such as utility bills or bank statements, and a local address proof document, if available.
PAN Card: A copy of your Permanent Account Number (PAN) card.
KYC Compliance: Completed Know Your Customer (KYC) form.
Bank Account Details: Information on your NRE/NRO account, along with a cancelled cheque.
FATCA Declaration: Foreign Account Tax Compliance Act (FATCA) declaration form.

Yes, NRIs can apply for Mutual Funds Online. Most Indian Mutual Fund companies and banks offer online platforms for NRIs to invest in them. The process typically involves registering on the fund house’s website, completing the Know Your Customer (KYC) process online, and providing necessary documents such as passport, PAN card, and overseas address proof. Once registered, NRIs can select Mutual Fund schemes, make investments through their NRE or NRO accounts, and track their portfolio online. This convenient method allows NRIs to manage their investments from anywhere in the world.

Mutual Funds Application