Investment in mf and shares

[Asked by Guest]

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.

[DR.MARIAPPAN GOVINDARAJAN]

Since amendments and changes are there in FEMA it is better to have discussions with a consultant.

AI Summary

FEMA residence status determines eligibility to invest in Indian mutual funds and shares; seek specialist compliance advice.
A Nepalese national resident in India asks whether they are a resident under FEMA, whether they may invest in mutual funds and shares like an Indian resident, what FEMA or other compliance obligations apply, and whether they qualify as a Qualified Foreign Investor; the reply advises consulting a specialist because of recent FEMA amendments.