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Yes, NRIs can invest in multi-asset allocation funds in India using their NRO or NRE account. For this, they need to first complete their KYC with NRI-specific documents and invest in Indian rupees only.
Generally, most multi-asset funds have an INR 5,000 minimum lump sum investment amount. Additionally, SIP can start with INR 500 to INR 1000 per month.
It totally depends on the risk tolerance of a person. Multi-asset funds, compared to equity funds, are less volatile and have better moderate-risk investors. Considering this, if you can handle 20-30% downside and have a 10+ horizon, then equity funds can be a good option for higher returns.
On multi-asset funds, TDS is deducted at source when you redeem. For short-term equity gains, the tax rate is 20% and for long-term equity gains, it is 12.5% if the amount is more than INR 1,25,000. Additionally, for debt-oriented funds, TDS is 30% or as per your income slab rate.
Both multi-asset funds and Gift City FDs serve different purposes. Multi-asset funds provide higher returns, i.e., 12-15% but have market risk. Gift City FDs offer US-based, tax-free, capital-protected returns of 4-5% to investors.
By Pankaj Shaw |Last Updated: December 9, 2025
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