Investment in mf and shares

[sarwa stha]

Dear Experts,

I am a Nepali citizen and have been residing in India for last 8 years. I came to India for study and doing job now. (we don’t need any VISA or special permission as per Sagauli treaty to come to India.)

I have owned PAN, BANK ACCOUNT and AADHAR here and also I have Citizenship Certificate of Nepal.

I want to start investment in Mutual Funds (SIP) and Shares. But I have got few doubts.

Please help –

1. Am I resident or Non-resident as per FEMA ?

2.Am I eligible to invest in MF and Shares in India ?

3.Can I invest like any other Indian Resident ?

4.Do I need to comply with any FEMA requirement or any other law for such investment?

5. Do I qualify as a Qualified Foreign Investor (QFI) to invest ?

Please suggest. I am in urgent need of this.

AI Summary

Nepali Citizen in India Questions FEMA Residency Status and Investment Eligibility in Mutual Funds and Shares A Nepali citizen residing in India for eight years seeks advice on investing in mutual funds and shares. They possess a PAN, bank account, and AADHAR in India. Their queries include whether they are considered a resident or non-resident under FEMA, eligibility to invest in mutual funds and shares, the need to comply with FEMA or other laws, and if they qualify as a Qualified Foreign Investor. A respondent advises consulting with a professional due to frequent amendments in FEMA regulations.