I am located in the US and am on a student visa. I am Indian. Was wondering what would be the process and procedure for investing in MF’s in India now that I reside abroad. What is the paperwork required. Also, what are the tax implications? Will I pay tax in India as well as in US? Also what is the tax rate levied. How is it different for an NRI to invest?

Thanx in advace:)
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