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Can I continue my existing mutual fund investments after I become an NRI?

When your residential status changes to that of an NRI, it has an impact on your investments

I have recently moved to USA for my work for the short term. What are the implications on my investments? 1) Can I continue my existing SIPs? 2) Can I do additional investments in the existing folio?
- Mohit Asher

When your residential status changes to that of an NRI, it has an impact on your investments. If your trip is for the short term and you do not meet the residential criteria of an NRI, then you need not worry. You will continue as a Resident Indian and your investments will continue just the way it is now.

However, if you become an NRI, you need to intimate the Asset Management Companies (AMCs) about the change in your status, address and bank through a 'Know Your Customer' (KYC) change form.

As an NRI (even if USA & Canada based), you can continue your SIPs and investments in your existing mutual fund folio.

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