Dear NJ Wealth Partner,

We are pleased to inform you that investments in mutual funds have now been enabled for NRI clients based in the U.S. and Canada across our E-Wealth, E-Wealth MF, and Partner Trax platforms, with broader AMC participation and improved digital convenience.

Background

Until now, only a limited number of AMC schemes were available on our E-Wealth platform for U.S. and Canada-based NRI clients. These select AMCs did not require post-transaction physical documentation, allowing limited online transactions.

However, most other AMCs had compliance protocols that mandated physical submission of NRI-specific declarations after transactions were executed. This created a barrier, effectively restricting online mutual fund investments for clients from the U.S. and Canada.

In response, NJ Wealth engaged with AMCs to simplify this process and proposed electronic submission of declarations. We are happy to report that some AMCs have accepted this solution, making mutual fund investments more accessible for U.S. and Canada-based NRIs, with a few conditions.

Key Highlights

1.Client Presence in India

• The NRI client must be physically present in India at the time of initiating the transaction.

• If the client is detected outside India, the transaction will not be permitted.

2.Available Transaction Types

• Purchase

• SIP (Systematic Investment Plan)

3.Declaration Requirements

• AMC-Specific Declaration (where applicable): Collected electronically at every Purchase and once during SIP registration.

• NJ Distributor Declaration: A standard declaration required across all transactions.

• Where AMC-specific declarations are not needed, only NJ's standard format must be submitted.

Coming Soon

• Switch and STP (Systematic Transfer Plan) functionalities will be added shortly.

• A specially curated NJ Recommended Portfolio for NRIs based in the U.S. and Canada, thoughtfully designed by the NJ Research Team to provide investors with a ready-made, high-quality investment option — eliminating the need for individual scheme research.

Currently Eligible AMCs

In addition to previously available options, the following AMCs have now enabled online investments for U.S. and Canada-based NRIs:

• Aditya Birla Mutual Fund

• Edelweiss Mutual Fund (for U.S.-based NRIs only)

• NJ Mutual Fund

• Nippon Mutual Fund

(Refer to Partner Desk >> Client Services >> CRM >> Resources >> Stock exchange >> Exchange related Notifications >> List of AMCs Countrywise - allowed/restricted for NRI Investors for the most up-to-date list of eligible AMCs.)

Important Compliance Note

Please ensure no solicitation of mutual fund schemes is made to clients currently located in the U.S. or Canada, in accordance with local jurisdictional regulatory guidelines.

We encourage you to inform your NRI clients in the U.S. and Canada about this important enhancement and assist them in navigating the updated investment process smoothly and compliantly.

For any further support, our Customer Care team is always here to help.

Warm regards,
NJ Wealth