If you are an NRI and want to select the best investment avenues back home, then you can zero in on investing in stocks. Indian stock markets have the third largest investor base globally—after the USA and Japan—with more than 20 million investors. The Foreign Exchange Management Act (FEMA) has stipulated several rules for NRIs to invest in India stock markets via the Portfolio Investment Scheme (PIS). The Reserve Bank of India (RBI) regulates the PIS.
As an NRI, you can invest in stock markets after opening a Non-Resident External (NRE) Account with an RBI-approved bank. You can only have a single PIS Account for investing in stock markets.
For investing in Indian stock markets, now you need to follow the steps given below:
Thus, as an NRI, you can invest in Indian stock markets through the RBI-regulated platform of PIS. Before investing in Indian stock markets, you must remember to open an NRI trading account with a trusted financial partner. IIFL’s award-winning NRI financial advisory services provide you with a wide range of investment options along with dedicated relationship managers and a hassle-free online account opening process.