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NRI's can purchase shares of an Indian Company through stock exchanges, under the portfolio investment scheme (PIS) on repatriation (NRE). NRE PIS Bank account is mandatory for trading in secondary market transactions.
NRI's is permitted to trade on a non-repatriation basis (NRO) and investment will be deemed to be domestic investment at par with the investment made by residents.
Demat and trading account is required for trading in secondary market. Separate demat and trading account will be open for making NRO and NRE investment in India.
Derivatives Trading gives you an Opportunity to trade in a large number of stocks/Indices for a small margin. NRI's can trade into derivatives only through Non-Resident Ordinary Rupee (NRO) income in India
NRO Bank account is mandatory for derivative trading NRI’s who wishes to trade on the F&O segment of the exchange, is mandatory required to obtain custodial participant (CP) code.
Alternative Investment Fund‖ means any fund established or incorporated in India in the form of a trust or a company or a limited liability partnership or a body corporate which,
(i) is a privately pooled investment vehicle which collects funds from Investors, whether Indian or foreign, for investing it in accordance with a defined investment policy for the benefit of its investors; and
(ii) is not covered under the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 or any other regulations of the Board to regulate fund management activities
NRI’s can invest in Mutual funds on a Repatriable as well as Non-Repatriable basis as per the provisions of Schedule 5 of the Foreign Exchange Management (Transfer or issue of Security by a Person Resident Outside India) Regulations, 2000 ('the Regulations') No RBI approval is required to invest in mutual fund
NRI’s can make invest from Non-Resident Ordinary rupee (NRO) account or Non-Resident External rupee (NRE) saving bank account
The objective of PMS is capital appreciation through long term equity investing. While aim is to outperform the benchmark in the long run,. The discipline of buying quality stocks and remaining invested for the long term with a diversified portfolio
NRI’s can make PMS investment through NRO as well as NRE income in India
PIS account is mandatory for taking PMS services under NRE investment
Recommended time horizon for effective portfolio returns as envisaged by the portfolio manager is 24 months and above
Minimum Investment Amount is INR 25 Lac
An initial public offering, or IPO, is the very first sale of stock issued by a company to the public. They are primary market investments
NRI’s may apply in IPO through ASBA (Applications Supported by Blocked Amount) facility available with banker holding bank account
NRI’s can make invest from Non-Resident Ordinary rupee (NRO) account or Non-Resident External rupee (NRE) saving bank account
ASBA (Applications Supported by Blocked Amount) is a process developed by the India's Stock Market Regulator SEBI for applying to IPOs
Bonds form the part of "Debt" as an asset class. This implies that the investor has given a loan to the issuing entity, and will be repaid at the end of the tenure as specified.
NRI’s can make invest from Non-Resident Ordinary rupee (NRO) account or Non-Resident External rupee (NRE) saving bank account
Open NRO, NRE Saving and PIS NRE Bank account with Axis Bank / HDFC Bank / Yes Bank
Submit your SEBI registered broker name to PIS designated bank on account opening form
Open Demat & Trading account with SEBI Registered broker for investing
Choose from a bouquet of products available in Indian market
Non-Resident Indians (NRIs), and Persons of Indian Origin (PIOs) are allowed to invest in the secondary capital markets in India through the portfolio investment scheme (PIS).
NRIs can acquire shares of Indian companies through the stock exchanges in India. PIS account is basically required by regulator to monitor investment limit by NRI’s in stock market.
As per the revised guidelines from RBI PIS is not required for NRO investment and investment will be deemed to be domestic investment at par with the investment made by residents.
| NRE | NR0 |
|---|---|
| Trade in Secondary Market | |
| PIS Bank Account Required | Saving Bank Account |
| IPO or Primary Market Purchase/Sale | |
| Saving Bank Account | Saving Bank Account |
| PMS | |
| PIS Bank Account Required | Saving Bank Account |
| Mutual Fund / AIF / Bonds | |
| Saving Bank Account | Saving Bank Account |
| Derivative | |
| Not Allowed | Saving Bank Account |
Currently we are having Banking tie up with Axis/HDFC/YES/Federal/DCB/Indusind banks and will assist you for opening bank account.
Banks will process the trade settlement transaction as per First in First out (FIFO) concept. Any capital gain arising will also be debited as per FIFO methodology Sale transaction for Rights/IPO/FPO/Bonus shares may be settled in saving bank account instead of PIS bank account as per bank process
Bank will share PIS account balance. Broker will provide trading limit.
Broker executes the trade as per order received from client.
Broker will share the contract note to bank for RBI reporting on T/T+1.
Bank will inform the broker/Client in case of any rejection.
Purchase transaction will settle on T+1. Sale transaction will settle on T+2.
Bank will debit charges and TDS if any.
It is mandatory for Investor to open NRE PIS bank account with the Designated Bank for investment made on repatriation basis and obtain PIS Permission.
NRIs can purchase upto a maximum of five percent of the paid up capital of a company.
NRI cannot purchase the shares of the Indian company under banned status.
Purchases of shares in caution scrip of the particular Indian company will require prior approval of the RBI.
NRIs cannot sell without taking delivery of the shares debentures purchased. Short selling is not permitted under PIS.
NRIs can assign only one Designated Bank for the purpose of routing the transactions under PIS for NRE NRIs cannot maintain NRE and NRO accounts under PIS with different authorised dealers.
Passport
Visa
PAN
Overseas
Address Proof
PIS
Permission Letter
Proof of
Bank Account