How do SIPs work for NRI investors?

SIP investments for NRIs work in a similar manner as SIPs for Resident Individual. However, NRI investors can only set up SIPs in funds from one Asset Management Company (fund house or AMC) on a particular date. To set up SIPs in mutual fund schemes of other AMCs, you will have to select a different date for each AMC, so that we can map the investment amount to the correct AMC and scheme.