NRI

Alternate Investment Funds (AIF)

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

Portfolio Management Services (PMS)

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

IPO

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

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