Being a Non-residential Indian (NRI), and being a complete "Newbee" in investment, I wish to know, how to invest in Index Fund in India? What steps are needed?
Most Indian bank allow you to invest in index funds from netbanking login.
Get in touch with your Indian bank where you have NRE account.
Note if you invest via NRE account there is no tax implications in India. There may be tax implications in your country of residence.
If you are NRI & particularly from US/Canada, There would be very few fund houses which would allow you to invest in their schemes.(active as well as passive). Keep this in mind. Also, your bank account needs to be NRE to invest.