What happens to my Mutual Fund investments if I become a resident Indian?

What happens to my Mutual Fund investments if I become a resident Indian?

Since inbound Mutual Funds are exclusively for NRIs, it’s ideal that you redeem all your GIFT city mutual fund (inbound/investing into India) investments prior to becoming a resident Indian. If not redeemed before becoming a resident Indian, the Mutual Fund company will force redeem your GIFT City inbound mutual fund units, and proceeds will be taxed in India as per income tax rules.


Any investments in outbound mutual funds (investing outside of India) will not be affected.

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