22 Dec 2021 | 4 min read
When we discuss Non- Resident Indians (NRIs) and Overseas Citizens of Indians (OCIs) living around the world have many investment options in India. Mutual Fund is one, that allows investors access to well-diversified portfolio equities, bonds, and securities. If NRIs in Malaysia suit their long-term financial goals such as retirement and buying a new home in India.
NRI applicants living in Malaysia can invest in the debt and equity market to earn good returns. The longer mutual fund terms always increase the possibilities of good returns. Some of the mutual funds in India for NRIs include L&T mutual funds, UTI Mutual Funds, and more.
Some of the basic guidelines for the best mutual funds in India for NRIs living in Malaysia are as followed:
Indians living abroad and who want to invest in India are required to follow some important guidelines and rules before investing in mutual funds for NRI applicants.
The NRI applicants are required to have a rupee-denominated account to invest in India as per the (FEMA) Foreign Exchange Management Act. You can use one of the following NRI accounts to invest in NRI mutual funds:
Here are some key benefits of investing in NRI mutual funds in India are as under:
For investing in mutual funds from NRIs living in Malaysia, mutual fund houses offer different guidelines. However, some of them prefer investing only in the paper application form, others allow the applicants to use the online applications through NSE NMF I or BSE STAR MF platforms. Thus, if you are investing in mutual funds, NRI applicants need to confirm the method of investment with mutual fund houses.
In the given table, you can check the best mutual funds for NRIs are given below:
Funds |
Net Assets (Cr) |
3 Mo |
6 Mo |
1Yr |
3 Yr |
5 Yr |
L&T Emerging Businesses Fund |
Rs. 6,058 |
16.2 |
41.1 |
103.9 |
10.5 |
18.9 |
L&T India Value Fund |
Rs. 6,759 |
6.6 |
24.8 |
69.2 |
11.6 |
14.7 |
Sundaram Rural and Consumption Fund |
Rs. 1,269 |
3 |
13.8 |
44.7 |
7.4 |
11.9 |
UTI Banking & PSU Debt Fund |
Rs. 266 |
1.4 |
1.2 |
5.1 |
4.5 |
5.8 |
UTI Dynamic Bond Fund |
Rs. 223 |
1.1 |
0.5 |
3.7 |
2 |
4.5 |
L&T Business Cycles Fund |
Rs. 518 |
3.1 |
23.3 |
66.7 |
8.2 |
11.6 |
Sundaram Mid Cap Fund |
Rs. 6,091 |
1.9 |
24.9 |
67.2 |
7.2 |
11.8 |
L&T Midcap Fund |
Rs. 6,395 |
5.9 |
22.6 |
64.7 |
10.4 |
16.4 |
L&T Tax Advantage Fund |
Rs. 3,356 |
5.1 |
19.1 |
56.1 |
9.3 |
13.4 |
BNP Paribas Multi Cap Fund |
Rs. 518 |
6.2 |
24.3 |
57.7 |
13.3 |
13.8 |
Before investing in mutual funds NRIs should consult the market experts to make them informed decisions and avoid unnecessary problems and risks. For more details mutual fund advisory from market experts at Afinoz. Including this, you can also download the Afinoz app from Google Play Store or App Store to ask any question related to mutual fund investment, opening an online NRI account, and tax filing in India If you need to ask any questions related to Mutual Funds, visit Afinoz.com in the blog section.
Read More:-
1. 11 Mutual Fund myths busted
2. 5 Common Mistakes NRIs Make When Investing in India