Investing as an NRI and resident

I have a few mutual fund investments. Soon I may be a Non Resident Indian. Can I invest as an NRI as well as Resident (non- repatriation basis)?
- Seetharama Nadoor

You lose your resident status when you become a Non Resident Indian (NRI). NRIs are allowed to invest in mutual funds. If the investment is to be made on a non-repatriable basis, the payment has to be made out of NRO/NRSR accounts. If the investment is to be made on a repatriable basis, the cheques will have to be drawn on FCNR/NRE bank accounts.

This article was originally published on January 21, 2016.