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Can I continue with my SIPs after I become an NRI?

Existing SIPs of an NRI can be continued after the change in residential status

I have been investing in mutual fund SIPs since last year as a Resident Indian. The SIPs are for 10 years and they end in 2024. My residential status will change from Resident to NRI from this year. Can I continue investing in these SIP till the contract ends in 2024 as an NRI or Should I give up investing in these SIP?
- Harsha

Yes, your existing SIPs can be continued even after your residential status changes to an NRI. However, you will need to do update your KYC with the change in status and submit the relevant documents. Also your NRE/NRO account will have to be linked with your SIPs.

This article was originally published on June 08, 2016.

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