INR-funded, no LRS
Invest in rupees through standard mutual fund KYC. LRS limits do not apply because you never remit foreign currency yourself.
DOMESTIC FEEDER STRUCTURE
Global Mutual Funds
Indian mutual funds and ETFs (Motilal MON100, Mirae MAFANG, ICICI Pru US Bluechip) that wrap global indices. INR-funded SIP or lump sum. No LRS paperwork.
- Best for
- SIP and passive investors
- Tax
- STCG (slab) / LTCG 12.5% over 24m
- Complexity
- Very Low
- Effort
- Zero setup
[ 01 / THE ROUTE ]
Indian wrapper, global underlying
Indian mutual funds and ETFs whose underlying basket is global (S&P 500, Nasdaq 100, FANG+, Hang Seng TECH). You invest in INR through SIP or lump sum like any Indian fund, no LRS paperwork, no foreign-account opening, no Schedule FA disclosure. SEBI's overseas-ETF cap has been frozen since Feb 2022, which is why the listed wrappers (MON100 et al) often trade above their iNAV.
[ 02 / WHY IT WORKS ]
SIP-friendly
₹500 monthly SIP minimums on most schemes. Same dollar-cost-averaging discipline as any Indian fund.
No Schedule FA
Foreign-asset disclosure isn't required because you own units of an Indian-domiciled fund, not the foreign asset itself.
Single broker / app
Use your existing Indian broker, MF distributor, or AMC direct-plan platform. No new account, no new KYC.
[ 03 / THE NUMBERS ]
Limit / Access
None. Invested in INR through Indian AMCs (LRS does not apply).
SEBI's industry-wide overseas-ETF investment ceiling (USD 1bn fresh, USD 7bn aggregate) has been frozen since Feb 2022. Some schemes intermittently suspend lump sums.
Tax treatment
STCG at slab (under 24m). LTCG 12.5% over 24m for international funds (Finance Act 2024 alignment).
US estate tax risk
No. Units are Indian-domiciled.
Min ticket
₹500 SIP or ₹5,000 lump sum (varies by scheme)
Effort
Zero setup. Standard mutual-fund KYC. SIP or lump sum like any Indian fund.
[ 04 / WHERE YOU CAN OPEN ONE ]
AMCs offering global-exposure schemes
Indian asset managers with international funds
Editorial mentions only. AskNivesh does not earn referral fees from any provider listed here.
- Type:
- AMC
- Custody:
- AMFI-registered
MON100 (Nasdaq 100 ETF), Motilal S&P 500 Index Fund, Nasdaq 100 FoF.
- Type:
- AMC
- Custody:
- AMFI-registered
US Bluechip Equity Fund, Global Stable Equity FoF.
- Type:
- AMC
- Custody:
- AMFI-registered
MAFANG (NYSE FANG+ ETF), S&P 500 Top 50 ETF, Hang Seng TECH ETF.
- Type:
- AMC
- Custody:
- AMFI-registered
Hang Seng BeES, Japan Equity Fund, Taiwan Equity FoF.
Sources and as-of dates
- Limit / Access: SEBI Mutual Fund Regulations (as of 2026-06-05)
- Tax treatment: Finance (No. 2) Act 2024 capital gains amendments (as of 2026-06-05)
- US estate tax risk: IRS non-residents with US assets (as of 2026-06-05)
- Min ticket: AMFI (as of 2026-06-05)