I am an NRI living in the USA. I want to know why only L&T Mutual fund is accepting application form NRI Americans and why no other fund house are accepting applications. Please explain.
- J Shivani
Several financial institutions are reluctant to deal with American investors because of Foreign Account Tax Compliance Act (FATCA) that the US government is enforcing.
Read more here: Does the FATCA law affect only US NRIs?
This article was originally published on October 12, 2015.