Nov 09, 2018, 10.41 AM IST
Vishal Dhawan, Founder, Plan Ahead Wealth Advisors, responds:
That is correct – Aadhar is not available for NRIs. In order to invest in direct plans, it is possible to do a one time CKYC process by providing a set of physical documents like passport, PAN and overseas address proof, attested by authorised persons who would need an In Person Verification ( IPV). Post this process a centralised KYC can be enabled to allow investments in direct plans of mutual funds online on the respective websites of the selected mutual funds. Alternatively, you can use the services of a SEBI Registered Investment Advisor (RIA) who can advise them on the selection and help with the implementation of the investments in direct plans of mutual funds.
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