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Yes, NRIs can invest in hybrid mutual funds in India using their NRE, NRO, or FCNR account. For this, first, they need to complete the FATCA and SEBI-mandated requirements.
Yes, NRIs need to open an NRE or NRO account to invest in hybrid funds. Additionally, you need to link both accounts to your mutual fund investment portfolio.
Yes, KYC is mandatory for NRIs before starting investment in India. To do so, NRIs need to submit their PAN card, passport, overseas address proof, work or visa permit, and bank statement.
Yes, hybrid mutual funds are repatriable for NRIs. Considering this, if you invest through NRE or FCNR accounts, you can make the complete redemption without any limitation. However, if you invest through an NRO account, you can repatriate up to USD 1 million per financial year.