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Can I invest in Reliance NRI Equity Fund if I am not an NRI but a resident Indian? |
Reliance NRI Equity Fund is an open ended equity mutual fund based in India. It is consistently giving returns above 60% per annum. According to one website it is to be subscribed to only by NRIs. The minimum subscription is Rs 50,000. Can Indians residing in India subsribe to it? no u cant invest in any nre accounts residing in india.ICICI as well as citibank have accounts called as NRO which can be much useful you can not but a relative of yours if he happens to be an NRI, he can. |
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