Are FATCA-compliant Indian MFs no longer PFIC?

[sunsanshre]

I am confused about the connection between FATCA and PFIC. Many popular Indian Mutual Fund houses are complying with FATCA and asking their investors to identify themselves if they're US tax residents. Does this mean these Mutual Funds are no longer considered PFIC and that R2I'ed USCs can now invest in them without risking PFIC penalties? Please clarify.

CAMS - https://www.camsonline.com/FATCA/COL_FATCAOnlineIndividualForm.aspx?amc=ALL
KARVY - https://www.karvymfs.com/karvy/fatcahome.aspx
HSBC MFs FATCA - https://www.assetmanagement.hsbc.com/in/mutual-funds/fatca.html
HDFC MFs FATCA - http://www.hdfcfund.com/DistCorner/ContentDisplay.aspx?ReportID=DADCCD07-9265-4114-9126-8AF25C53B05C
Tata MFs - http://www.tatamutualfund.com/faqs/fatca

[RRK]

These two are different compliance issue. Indian mutual funds are still PFIC.