6 top AMCs compared. NRE/NRO support, expense ratios, US-NRI access (most blocked since 2022 due to KYC/FATCA), category coverage.
UK/UAE/Singapore NRIs have full access to all major AMCs — pick HDFC + SBI for blue-chip diversification. US/Canada NRIs are blocked from most AMCs since 2022 — ICICI Prudential, Nippon India, and UTI remain accessible. Plus US-NRIs face PFIC reporting on Indian MFs (Form 8621), so consider Indian ETFs which the IRS often treats more favourably.
Largest AMCs by AUM, deepest research, lowest expense ratios. Pick 2-3 funds across large-cap + multi-cap + ELSS for tax savings.
Only AMCs accepting US/Canada residents currently. Better to use ETFs (Nifty 50 ETF, Bank Nifty) than equity funds — IRS PFIC treatment of ETFs is generally cleaner under QEF election. Get a US-India CPA before deploying.
If your AMC won't accept US/Canada residency, buy India ETFs on the US exchange: iShares MSCI India ETF (INDA), WisdomTree India Earnings ETF (EPI). Gives India equity exposure without the PFIC + KYC headache.
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