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You might have to investigate this further. I understand, that the restrictions apply to Americans working and residing in India.

For Indian Nationals, assuming they hold an Indian Passport they are completely free to invest in individual equities on BSE.

For persons of Indian Origin (PIO - your mom/dad was an Indian passport holder but you were born outside of India and hold another countries' passport/citizenship), you can invest in India through mutual funds that are issued/managed by Indian mutual fund companies but cannot invest directly in Indian equities through BSE.

I hope the above helps, sorry for the delay in responding to you.

I will get back to you with a few link that has good reliable information for mutual funds in india is know, original!:)

In words of fellow fools, fool on:)

- NRI13
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