Description

Shriram Mutual Fund now accepts transactions from NRI clients based in USA and Canada on NSE MF Invest Platform in Non-Demat mode, subject to declaration form submission.

Summary

NSE has notified that Shriram Mutual Fund will accept transactions from Non-Resident Indian (NRI) clients based in the United States of America and Canada on the NSE MF Invest Platform in Non-Demat mode with immediate effect. Members and distributors must ensure NRI investors from these countries submit a physical declaration form to CAMS collection centers or AMC branches on the transaction date. Non-compliance may result in transaction rejection.

Key Points

  • Shriram Mutual Fund now accepts transactions from NRIs residing in USA and Canada
  • Applicable to NSE MF Invest Platform transactions in Non-Demat mode
  • Mandatory submission of “Shriram Declaration Form for US Investors”
  • Physical copy of duly signed declaration form required
  • Declaration form must be submitted to CAMS collection centers or AMC branch
  • Submission must occur on the date of transaction
  • Failure to comply will result in transaction rejection
  • Effective immediately from November 10, 2025

Regulatory Changes

No regulatory changes. This is an operational enhancement by Shriram Mutual Fund to expand NRI investor access from previously restricted jurisdictions (USA and Canada).

Compliance Requirements

For Members/Distributors:

  • Download the “Shriram Declaration Form for US Investors” (PDF) attached to the circular
  • Ensure NRI clients from USA and Canada complete and sign the declaration form
  • Submit physical copy of signed declaration to CAMS collection centers or AMC branch on transaction date

Declaration Requirements: NRI investors must declare:

  • Status as NRI/PIO residing in United States of America
  • Understanding that Shriram Mutual Fund schemes are not registered outside India
  • Confirmation of no solicitation/marketing in their jurisdiction of residence
  • Confirmation of compliance with all applicable laws
  • Authorization for Shriram AMC to disclose/share information as needed
  • Acknowledgment that investments may be rejected or redeemed at AMC’s discretion

Important Dates

  • Circular Date: November 10, 2025
  • Effective Date: Immediate effect from November 10, 2025
  • Declaration Submission: Required on the date of each transaction

Impact Assessment

Market Impact: Minimal - affects only NRI investors from USA and Canada interested in Shriram Mutual Fund schemes

Operational Impact:

  • Expands investor base for Shriram Mutual Fund to include US and Canada based NRIs
  • Additional compliance burden on members/distributors to collect and submit declaration forms
  • Risk of transaction rejection if documentation requirements not met

Beneficiaries:

  • NRI investors from USA and Canada gain access to Shriram Mutual Fund schemes
  • Shriram Mutual Fund AMC expands potential investor pool

Contact: NSE MF Support - Toll Free: 1800 2100 940, Email: support@nseinvest.com

Impact Justification

Operational update specific to Shriram Mutual Fund NRI transactions from US/Canada, affecting only a subset of mutual fund investors with limited market-wide impact