NRI Mutual Fund/IPO Investments – UK

POSTED BY Siddharth Shah ON February 5, 2013 6:46 pm ONE COMMENT

Hi,

I have been informed by ICICI Direct & SBI capital securities customer services team that – UK customer’s will not be able to trade in Mutual Fund and IPO due to some regulatory guidelines.

Is there a new circular via RBI for UK NRI or this is something to do with individual trading platforms?   I could’t find any update about this (I am aware that there are resitrictions for NRI’s based in US/Canada)

Can someone please share information on this?

 

Thanks in advance

One reply on this article “NRI Mutual Fund/IPO Investments – UK”

  1. Dear Siddhartha, please ask your brokers to provide the info in written proof.

    I’m unaware of any such restriction as on date.

    Thanks

    Ashal

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