Yes , NRI can invest in Mutual Funds in Zerodha by opening a non-PIS account. However, there are restrictions for NRI investors with PIS accounts, as well as investors based in the US and Canada; they are not permitted to invest in mutual funds in Zerodha.
Zerodha is a leading stock broker and offers online discount brokerage services to many investors. This popular stockbroker provides online trading services for stocks, commodities, bonds, and currencies.
In order to facilitate direct mutual fund investments, Zerodha recently unveiled a platform known as Zerodha Coin. With Zerodha Coin, you can purchase mutual funds online from asset management firms without paying commissions.
There is no separate process for opening an account for Zerodha Coin; if you already have a trading account with Zerodha, you are eligible to invest in mutual funds through that account as well. You can log into the Zerodha Coin platform using the same credentials.
Yes , NRI can invest in Mutual Funds in Zerodha by opening a non-PIS (Portfolio investment scheme) account. However, NRIs with PIS accounts, as well as investors based in the US and Canada, cannot invest in mutual funds through Zerodha Coin.
There are no restrictions for NRIs investing through the NRO-non-PIS route. An NRI can invest in any fund or any asset management company (AMC) offered by Zerodha Coin.
NRI (Non-Resident Indian) trading accounts can only be opened offline; there is no option to open that in online mode.
To open an NRI Non-PIS trading account, you must submit the following documents via courier to the Zerodha head office.
Your information will be verified after you submit the documents, and your trading account will be opened within 24 to 48 hours. In addition, there is a Rs 500 account opening fee that will be deducted when you add money to your trading account.
There are no restrictions for NRIs investing through the NRO-non-PIS route. They can invest in all the mutual funds available with Zerodha Coin. Additionally, if you create an NRE account, you won't be able to trade in the futures and options segments.