I am in the process of giving up my Indian citizenship and taking up German citizenship. I intend to apply for an OCI card as well. Are there any factors that I need to take into account with respect to my mutual fund investments? I have been maintaining multiple MFs and still have active SIPs. Would you be able to guide me?
- Shaanto
Overseas Citizens of India (OCI) have equality with Non Resident Indian (NRIs) in all spheres of financial, economic and educational fields, barring the purchase of agricultural or plantation properties. You can continue to hold and invest in mutual funds. However, you should intimate your bank and mutual funds about your change in citizenship.
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