General information only. Not investment, tax or legal advice. Naming a fund category is not a recommendation to buy, hold or sell anything. Prem Tax and Accounting Corp is a CPA firm, not a law firm. Rules differ by country and change often: confirm with the official source or a qualified adviser before you act. Read the full notice. Book a 10-minute call.

Mutual Funds in India

The basics of Indian mutual funds, in plain English

Three short guides to start with: what an Indian mutual fund is, what it costs and which statements to keep, and how the rupee changes what you earn at home.

Prepared by Prem Tax and Accounting Corp. Last checked against official sources on November 5, 2026.

Before the rules come the basics. A fund holder abroad needs three things in hand: what the fund is and who runs it, what it costs and which papers to save, and how the rupee moves your return in dollars, pounds or euros. Industry figures here are AMFI's for September 2026.

What it is: the trust, the fund house, NAV, units and folios.
Fees, SIPs and statements: expense caps, direct and regular plans, exit loads, SIP rules and records.
Exchange rates: ten years of official rates and how each country picks one.

What is an Indian mutual fund, and who runs it?

What an Indian mutual fund is: the trust, the fund house, NAV, units, folios, direct and regular plans, SEBI's role and AMFI size figures for September 2026

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What an Indian fund costs, how a SIP runs and which statements to keep

Indian mutual fund costs since 1 April 2026: expense caps, direct and regular plans, exit loads, SIP rules and the statements and records holders abroad need.

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How the rupee changes what your Indian fund earns at home

How the rupee changes what an Indian mutual fund earns you in dollars, pounds or euros: year-end rates 2015 to 2025, invented examples and which rate to use.

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Ready for the next step? See every SEBI category or India's rules for investors abroad. Our glossary explains terms such as NAV, folio and IDCW, and our Indian CPA page shows how we work with your Indian adviser.

Common questions

What changed for Indian funds in 2026?

SEBI's Mutual Funds Regulations, 2026 replaced the 1996 rules on 1 April 2026, expense caps became the Base Expense Ratio, and the category list changed on 26 February 2026.

Do I need to read these in order?

No. Each guide stands alone, but the fund guide first makes the others easier.

Official sources

Keep reading

Please read: general information only

This page gives general information and education about Indian mutual funds and about the tax and reporting rules that may apply to people who hold them. It is not investment, legal, tax, accounting or other professional advice, and it is not a substitute for advice from a qualified adviser, attorney or CPA who knows your facts. Reading it does not create a CPA-client or any other professional relationship with Prem Tax and Accounting Corp. Prem Tax and Accounting Corp is a CPA firm, not a law firm. It does not recommend, rate, sell or manage any mutual fund or other investment, and naming a fund category or product here is not a recommendation to buy, hold or sell it.

Tax and reporting rules differ by country and by person, and they change often: thresholds, rates, forms and deadlines are revised, and agencies, courts and fund companies change how they apply them. We checked the figures against the official sources named on the page on the date shown (last reviewed November 5, 2026), but we do not promise that this page is complete, current or free of errors, and we do not update it the moment a rule changes. Where the rules are unsettled we say so. Fund companies set their own policies on who may invest, and those can change without notice. Past performance does not predict future results, and investments can lose value. Examples are invented and for illustration only.

To the fullest extent the law allows, Prem Tax and Accounting Corp and its owners and staff are not responsible for any loss or decision that results from using this page. Links to government and other websites are for convenience and we do not control them.

This content is copyrighted by Prem Tax and Accounting Corp. Copying it in bulk, scraping it, or using it to train artificial intelligence systems requires our written permission.

Questions about how your Indian funds are reported on a U.S. return? Keshav Agrawal is a U.S. CPA and a Chartered Accountant (CA) from India. We prepare the U.S. side (for example Form 8621, FBAR and Form 8938) and can work alongside your adviser in India, Canada or Europe. We do not sell, rate or recommend any investment. Book a 10-minute call or send us a message.

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