What is the Portfolio Investment Scheme for NRIs?
The Portfolio Investment Scheme (PIS) is a program from the Reserve Bank of India (RBI) that permits Non-Resident Indians (NRIs) to purchase and sell shares and convertible debentures of Indian companies on recognized stock exchanges under the repatriation or non-repatriation category.
Key Aspects of PIS Accounts:
Exclusive for Equity: The PIS account is designated solely for equity delivery trades on Indian stock exchanges.
Restricted Trading Segments: NRIs are not authorized to engage in other market segments such as Equity Futures & Options, Currency, Commodities, or Mutual Funds under PIS.
At FYERS, you have the flexibility to open both NRE PIS and NRO PIS accounts.
To take the first step towards leveraging the benefits of the PIS with FYERS, kindly start the NRI account opening process by entering your details here.
What are the investment limits for NRIs under the Portfolio Investment Scheme (PIS)?
Non-resident Indians (NRIs) are indeed permitted to invest in shares of listed Indian companies through recognized stock exchanges under the Portfolio Investment Scheme (PIS). These investments can be managed via designated Authorized Dealers (ADs) ...
How are NRI investment positions in Indian companies monitored?
The investment positions of Non-Resident Indians (NRIs) and Foreign Institutional Investors (FIIs) in listed Indian companies are diligently monitored by the Reserve Bank of India (RBI). This surveillance is conducted on a daily basis through reports ...
Can NRIs trade in the F&O segment?
Absolutely, NRIs have the privilege to trade in the Equity F&O (Futures & Options) segment when they open an NRO Non-Portfolio Investment Scheme (Non-PIS) Account. FYERS takes pride in being among the select brokerages that enable NRIs to actively ...
Can NRIs apply for IPOs through the FYERS account?
Indeed, NRIs have the option to apply for Initial Public Offerings (IPOs) using their FYERS Demat account, specifically by linking their NRO Non-PIS (Non-Portfolio Investment Scheme) account. This particular account streamlines the application ...
What is the investment limit for NRIs in India?
Non-Resident Indians (NRIs) have the flexibility to invest unlimited amounts in various investment avenues in India through both repatriable and non-repatriable means. It's important to note, though, that FEMA regulations place certain restrictions ...