As a Non-Resident Indian (NRI), Overseas Citizen of India (OCI), or Person of Indian Origin (PIO), you can seamlessly participate in India’s vibrant economic growth through mutual funds. At MZ Financial Services (mzfs.co.in), we simplify cross-border compliance, taxation rules, and portfolio management so you can invest with absolute peace of mind.

Before you start investing, you must fulfill three core regulatory requirements established by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI)

• PAN Card: A valid Indian Permanent Account Number is mandatory for all capital market investments.
• NRI Bank Account: Rupee-denominated investments must be funneled through either an NRE (Non-Resident External) or NRO (Non-Resident Ordinary) savings account
• NRI KYC Compliance: You must undergo a specialized NRI Know Your Customer (KYC) verification process before executing any fund transactions.

Your choice of bank account directly dictates how easily you can transfer your money back overseas:

Feature	NRE Route (Repatriable)	NRO Route (Non-Repatriable)
Source of Funds	Foreign income remitted to India	Income generated within India (e.g., rent, dividends)
Repatriation	Principal and gains are fully repatriable abroad	Restricted up to USD 1 million per financial year
Ideal For	Parking and growing your global savings	Reinvesting localized Indian revenue streams

To initiate your onboarding and complete your NRI-KYC, you will need to prepare self-attested digital copies of the following items:

• Passport: High-quality copies of the photo info page and signature page.
• Visa Status: A valid employment visa, work permit, student visa, or residence permit.
• Overseas Address Proof: Recent foreign utility bill, foreign bank statement, or local driving licence.
• Indian Bank Proof: A cancelled cheque leaf or formal bank statement from your NRE/NRO account.
• Tax Declarations: Completed FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard) self-certifications.

Important Compliance Note for US & Canada NRIs: Due to strict FATCA reporting requirements, certain Indian Asset Management Companies (AMCs) restrict or place unique conditions on investors residing in the United States or Canada. Get in touch with us directly to access the curated list of mutual fund houses currently  nboarding North American clients.

Unlike resident Indians, NRIs face Tax Deducted at Source (TDS) directly at the time of mutual fund redemptions:

• Equity Funds: Long-Term Capital Gains (LTCG) over 12 months face a 12.5% TDS on gains exceeding ₹1.25 Lakh. Short-Term Capital Gains (STCG) face a 20% TDS.
• Debt Funds: All capital gains are taxed at your applicable peak slab rate (with 30% TDS applied uniformly at redemption).
• DTAA Benefits: If India shares a Double Taxation Avoidance Agreement with your country of residence, you can leverage it to minimize your global tax liabilities.