Frequently Asked Questions
Which all investors can invest their money in Mutual Funds?
To invest in Mutual Funds, you must be one of the following:
- Indian residents above the age of 18, either individually or jointly (not exceeding 3 people)
- Non-resident Indians (NRIs) and Persons of Indian Origin (PIOs) residing abroad, on a full repatriation basis
- Parents or lawful guardians on behalf of minors
- Hindu Undivided Families (HUFs) in the name of HUF or Karta
- Companies (including public sector undertakings), corporate bodies, trusts (through trustees) and cooperative societies • Banks (including regional rural banks) and financial institutions
- Religious and charitable trusts (through trustees), and private trusts authorized to invest in Mutual Fund schemes under their trust deeds
- Foreign institutional investors registered with SEBI on the basis of repatriation
- Special Purpose Vehicles approved by an appropriate authority (subject to RBI approval)
- International multilateral agencies approved by the Government of India
- Army/navy/air force/paramilitary units and other eligible institutions
- Unincorporated bodies of persons as specified by asset management companies
- Partnership firms
- Scientific and industrial research organisations
- Trustees, AMCs, sponsors, or their associates
- Other individuals/institutions/corporate bodies, as approved by asset management companies, so long as they conform to SEBI regulations
- Qualified Foreign Investors (QFIs)