I am a Nepali citizen and have been residing in India for last 8 years. I came to India for study and doing job now. (we don’t need any VISA or special permission as per Sagauli treaty to come to India.)
I have owned PAN, BANK ACCOUNT and AADHAR here and also I have Citizenship Certificate of Nepal.
I want to start investment in Mutual Funds (SIP) and Shares. But I have got few doubts.
Please help –
1. Am I resident or Non-resident as per FEMA ?
2.Am I eligible to invest in MF and Shares in India ?
3.Can I invest like any other Indian Resident ?
4.Do I need to comply with any FEMA requirement or any other law for such investment?
5.Do I qualify as a Qualified Foreign Investor (QFI) to invest ?
Please suggest. I am in urgent need of this.