My son is a British citizen. Does he need PAN and KYC compliance for investing in mutual funds in India?
-M Ramaswamy
Yes, being a PAN holder and completing KYC requirements is mandatory to be able to invest in mutual funds in India. You can refer to our story Doors Open for Foreign Investors to understand how a foreign national can invest in mutual funds in India.
To apply for PAN, foreign nationals need to use Form 49AA. You can visit this link to apply for PAN. Please go through the procedure & requirement for the same.