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Why American NRI investors not entertained?

Financial institutions are wary of dealing with American investors because of the new tax compliance law enforced by the US government

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.

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