Mutual Funds for US & Canada NRIs: Where Can You Invest in 2025?

Having issues with US or Canadian NRI mutual fund investments? Don’t panic, you’re not the only one. With stringent compliance and evolving rules, it’s challenging to stay updated. Worry not. This guide gives you the current 2025 report on which AMCs (Asset Management Companies) accept US and Canada-based NRI investments. Let’s break it into three simple buckets and eliminate all uncertainty.

Invest Online, No Hassles (No Physical Travel Required)

If you want the convenience option, here’s the best part—7 AMCs let you invest from the US or Canada without even setting foot in India.

Here’s your quick list:

• Aditya Birla Sun Life
• Nippon India
• Quantum
• Sundaram
• White Oak
• UTI Mutual Fund
• ITI Mutual Fund (lump sum only, SIP not permitted)

Quick Note:

• These AMCs do not involve declarations and additional documents.
• Bajaj and Bandhan Mutual Funds have only US investors, no Canadians.

If convenience is more important to you than certain fund selections, you can begin investing online through these AMCs straight from your living room in New York or Toronto.

Want to Invest? Be in India Physically

A few AMCs prefer to see you in person—literally. To invest here, you have to be physically present in India at the time of investment.

Here’s who’s on this list:

• Axis
• NJ India
• Parag Parikh
• SBI Mutual Fund
• Samco
• Trust MF
• 361 Mutual Fund
• Taurus MF

You’ll have to:

• Give a physical presence declaration.
• A few like 361 and Taurus might request a visa copy.

Others might require just a signed declaration.

Good news is these AMCs enable both US and Canada-based NRIs to invest, no exceptions.

US-Only Investments (Canada NRIs—Skip This)

There is a particular set of AMCs that welcome only US-based NRIs, not Canadian residents.

Permitted only for US NRIs and need physical presence in India:

• HDFC
• ICICI Prudential
• DSP
• Edelweiss
• Mahindra Manulife
• Motilal Oswal

But there’s a catch:

• HDFC and ICICI permit SIP and lumpsum if done from India.
• The other four—DSP, Edelweiss, Mahindra, Motilal—are lumpsum only.

Edelweiss is strict: They will ask for your visa replica, passport, OCI card, and check entry stamps to be sure you didn’t sneak in a declaration while having coffee in Canada.

Why Do These Rules Keep Changing?

Because compliance is dynamic. With FATCA and other international regulations, AMCs constantly update their NRI policies. What was okay in 2024 may not be valid in 2025.

So if you’re planning to invest, always:

• Check the latest AMC-specific rules
• Ask for their document checklist
• Get the physical presence clause clarified

Conclusion

There are about 45 mutual fund AMCs in India, but just 20-25 assist US/Canada NRIs with certain terms and conditions. By classifying these AMCs as online access, physical presence, and US-only investments, we hope that now you have a clear blueprint to map out your 2025 mutual fund journey.

FAQs

1. Can NRIs in the US invest in Indian mutual funds online?

   Ans- Yes, through specific AMCs like Nippon, UTI, and Aditya Birla.

2. Can Canadian NRIs invest online?

   Ans- Yes, but not in Bajaj and Bandhan Mutual Funds.

3. Do all AMCs allow SIP for NRIs?

   Ans- No, some only allow lump sum (e.g., ITI, Motilal Oswal).

4. Is physical presence mandatory for all investments?

   Ans- Only for some AMCs—others allow online transactions.

5. Do AMCs ask for visa documents?

   Ans- Yes, especially ones that require physical presence.

6. Can Canadian NRIs invest in HDFC or ICICI MF?

   Ans- No, these are only for US-based NRIs.

7. Is Edelweiss strict with documentation?

   Ans- Yes, they require visa, passport, and stamped proof.

8. Can I invest in Parag Parikh MF from Canada?

   Ans- Yes, but only while physically present in India.

9. Are all rules valid permanently?

   Ans-  No, AMC policies change every year.

10. Is SIP allowed if I’m in India temporarily?

    Ans- Yes, in some AMCs, provided you meet documentation norms.

Disclaimer: The information provided here is for educational and informational purposes only and should not be construed as financial, legal, or tax advice. Consult with a qualified professional before making any investment decisions. We do not accept any liability for errors or omissions in this information nor any direct, indirect, or consequential losses arising from its use.