As one of the emerging economies in the world, the Government of India has allowed NRIs to invest in Mutual Funds in conjunction with SEBIs rules of the Foreign Exchange Management Act(FEMA) ensuring that the investment process is transparent. However, it is important to note that certain asset management companies dont accept mutual fund applications from NRIs in Canada and the US.
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Given the breadth and depth of its economy and financial markets, the liquidity of its securities, commodity futures, swaps and options exchanges, and its robust legal and regulatory framework.