Can NRIs Open a Mutual Funds Investment Account with Scripbox?

As an NRI, your ability to open a mutual fund investment account with Scripbox depends on your country of residence and applicable regulatory guidelines.

1. NRIs (Non-US/Canada Residents):
NRIs residing in countries other than the US and Canada can open and operate a mutual fund investment account with Scripbox. You will be required to complete KYC and submit relevant documents during the onboarding process.

2. US / Canada-Based NRIs:
Currently, Scripbox does not onboard new clients residing in the US or Canada due to regulatory and compliance constraints. This applies to both new investors and existing customers who have moved to the US/Canada and wish to initiate new investments.

3. Existing NRI Clients (Non-US/Canada):
Existing NRI clients residing outside the US/Canada can continue to invest and manage their portfolios, subject to completion and updation of KYC, FATCA, and NRI bank account details.

4. Regulatory Restrictions:
As per SEBI and AMFI guidelines, individuals from certain restricted or high-risk jurisdictions may not be permitted to invest in Indian mutual funds. Such clients will not be able to open or operate an account with Scripbox.

Please note : Individuals holding an OCI (Overseas Citizenship of India) card can open an account with Scripbox, subject to the same eligibility criteria and regulatory restrictions applicable to NRIs, including country of residence.