OPTIONS IN INDIA
India being one of the fastest growing economies serves as the most promising investment destination in the world. The stable political environment has made India even more favourable for investment purposes. Vibrant and well regulated capital markets coupled with developed banking system has further enhanced the entire scenario.
NRI investment in India is gaining momentum due to a plethora of factors aiding the growth of Indian economy. NRIs can invest in Mutual Funds, Equity, Equity SIP, NPS, NCD, Bonds, Structured Debenture Products and many more. Karvy offers all the best investment options in India for NRIs by way of providing highest standards of services.
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WHY KARVY STOCK BROKING
KSBL is one of the largest stock broking houses in India shouldering the responsibility of constructing investment portfolios for NRIs over the last two decades. Our comprehensive account enables you to explore the diverse investment options for NRI that are available in India in an integrated fashion and through easy transaction process. With dedicated and specialized research team that secures result oriented information on market trends and predictions, your investment in Indian stock broking would yield an optimal balance between risks and returns. Our rich experience in stock broking makes us the most reliable NRI partner.
We help NRIs build portfolio based on the understanding of their financial needs and risk appetite. Furthermore, we provide one stop shop for trading and investment related requirements.
NRI Trading Account
Investment in India in equities which are listed in NSE and BSE in cash segments can be done through this account. You can also invest online in mutual funds and IPOs using this account.
Demat Account for NRI
For investing in Indian stock market, NRI demat account is needed wherein shares are held electronically in this account. You can convert the shares (if any) held in physical form into electronic form and credit the same into this account.
Open NRI Account
We have tied up with the best banks for NRI and NRE accounts. NRI investment in India will be routed through the designated bank account.
We provide assisted trading facility for NRI investment through our specialized team of relationship managers for international clients; and also offer research support to enable you to build a strong Portfolio.
We provide a unique service of assisting NRIs, PIOs, OCIs and foreign nationals in order to exercise their stock options, to liquidate them and repatriate the proceeds..
PAN Card in India
NRI's investing in stock market require PAN card and we are authorized PAN agents to facilitate this.
PROCEDURES & DOCUMENTATIONS REQUIRED BY NRI
List of documents needed while registering as NRI/PIO/OCI clients (as applicable) are as follows:
Document ensuring status of entity
PIS Permission Letter from the respective designated bank
Driving License/ Foreign passport /Utility Bills/ Bank statement (not more than 2 months old)/ notarized copy of rent agreement/ leave & license agreement/ sale deed.
Photograph of investor
Proof of respective bank accounts & depository accounts
NRI FAQs - How to Invest in Indian Stock Market
+Who is an NRI?
Non-Resident Indian (NRI) means a “person residing outside India” who is a citizen of India or is a person of Indian origin” [as per FEMA regulations].
+Can NRI invest in shares in India through a stock exchange?
Yes, NRI can purchase shares or convertible debenture of an Indian company through stock exchanges, under the portfolio investment scheme on repatriation and /or non repatriation basis.
+Can NRI/PIO invest in other securities?
Yes, NRI/PIO can invest in other securities namely
- Dated Government securities (other than bearer securities) or treasury bills.
- Units of domestic mutual funds.
- Bonds issued by a public sector undertaking (PSU) in India.
- Shares in Public Sector Enterprises being disinvested by the Government of India.
+Are NRIs allowed investing in Exchange Traded Funds (ETFs)?
Yes, NRIs are allowed to invest in Exchange Traded Funds (ETFs). NRIs can invest in ETFs both on repatriation as well as non repatriation basis.
+What is a designated bank branch?
Reserve bank of India has authorized few branches of each authorized dealer bank to conduct the business under portfolio investment scheme on behalf of NRIs. NRI can select only one authorized dealer bank for the purpose of investments under portfolio investment scheme and route the transactions through the branch designated by the authorized dealer bank.
+What is a Portfolio Investment Scheme (PIS)?
Portfolio Investment Scheme (PIS) is a scheme of Reserve Bank of India under which-Non Resident Indian (NRIs) can purchase/sell shares/convertible debentures of Indian companies on stock exchanges under Portfolio Investment Scheme. For this purpose, the NRI/PIO has to apply to a designated branch of a bank, which deals in Portfolio Investment. All sale/purchase transactions are to be routed through the designated branch.
+Who is a person of Indian Origin?
For the purposes of investments in shares/securities in India, person of Indian origin means a citizen of any country other than Pakistan or Bangladesh, if
- a. he/she at any time, held an Indian passport; or
- b. he/she or either of his/her parents for any of his/her grandparents was a citizen of India by virtue of the constitution of India or Citizenship Act, 1955 (57 of 1995); or
- C. the person is a spouse of an Indian citizen or a person referred to in clause (a) or (b)
+Who is an overseas citizen of India (OCI)?
Under OCI Scheme operational from 02nd Dec 2005 Government of India decided to grant Overseas Citizenship of India (OCI) commonly known as “dual citizenship”. A foreign national, who was eligible to become a citizen of India on 26.01.1950 or was a citizen of India on or at any time after 26.01.1950 or belonged to a territory that became part of India after 15.08.1947 and his/her children and grand children, provided his/her country of citizenship allows dual citizenship in some form or other under the local laws, is eligible for registration as an Overseas Citizen of India (OCI). Minor children of such person are also eligible for OCI. However, if the applicant had ever been a citizen of Pakistan or Bangladesh, he/she will not be eligible for OCI.
+Can PIO (Person of Indian Origin) as well as OCI also invest in shares in India?
Yes, PIOs and OCIs do have parity with NRIs in respect of all facilities available to the NRIs in the economic, financial and educational fields except in matters relating to the acquisition of agricultural/plantation properties.
+Can NRIs trade shares on non-delivery basis?
NRIs cannot trade shares in India on a non-delivery basis, that is, they can neither do day trading nor short-sell in India. If they buy a stock today, they can only sell it after two days.