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Glossary Mutual Fund / Term

NRI

NRI or Non-Resident Indians refers to Indian citizens or people of Indian origin who are staying outside the country. The purpose of such stay could be employment, pursuing a business or vocation or any other activity which indicates the intention to continue such stay for an indefinite time period.

In order to be considered as an NRI, the concerned person should have stayed in India for less than 182 days in the previous financial year.

Permanent link NRI - Creation date 2020-05-23


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