Are the tax deductions high if I (NRI) invest in Mutual Funds after taking a PAN ?

It is not like that. If you have PAN or not, the deductions and its limits will be same and no extra benefits for PAN holders. Mutual Funds are taking PAN number because it is compulsory to quote a PAN if the investment exceeds Rs.50,000.

At the time of purchasing the MF units, if you have declared your status as NRI, then they will deduct TDS which you can claim it back filing tax returns. If you have not declared your status as NRI, then no tax will be deducted at the time of maturity or withdrawal.

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