Can NRIs invest in Indian IPOs?
SBNRI Team
answered on 22/03/2020
NRI Investment in Indian IPOs: Bank Accounts you need
NRI Investment in Indian IPOs: NRIs can invest in stocks raised through an Indian Initial Public Offering (IPO) through their NRE/NRO Bank Accounts.
NRI Investment in Indian IPOs
For investing in IPOs, NRIs don’t need to be a part of the Portfolio Investment Investment Scheme (PIS)(Through this scheme of the Reserve Bank of India, NRIs can purchase and sell shares and debentures of Indian companies on a recognized stock exchange)
How can NRI Invest in India
| Opportunities | Requirement |
| Fixed Deposit Bank Accounts |
|
| Mutual Funds |
|
| Direct Equity |
|
| Real Estate |
|
| Bonds and Non-Convertible Debentures (NCDs) |
|
| Government Securities |
|
| Certificate of Deposits |
|
| National Pension Scheme (NPS) |
|
| Initial Public Offerings (IPOs) |
|
NRI Investment in Indian IPOs: Related Questions
1. Can US NRI invest in Mutual Funds in India?
Yes NRIs from the USA can invest in Mutual Funds in India. To know more, click here.
2. Can NRI invest in Indian Stock Market?
Yes. NRIs can invest in Indian Stock Market. To know how, click here.
3. Who is an NRI?
An NRI or Non Resident Indian is an Indian Citizen living outside India for a minimum of 183 days in 1 financial year for the purpose of employment, business or vocation (occupation for which an individual is trained).
Indian Citizens who have gone out or are staying abroad for some other purpose with an intention to stay outside India for an uncertain period (job or assignments where you don’t know when you will return to India) can also be termed as NRIs.
Related Questions
SBNRI Team
answered on 30/03/2020
NRIs can opt for a 3-in-1 account that consists of 3 separate accounts that can be opened together. A share trading account is a combination of these 3 accounts. These accounts include: A Bank Account (a normal bank account where your money resides), A Trading Account (a share broker account which allows you to […]
SBNRI Team
answered on 31/03/2020
There are two types of investments markets that can accept investments from an NRI or Resident Indian: Primary: A primary market deals with the introduction of fresh stocks and bonds that are rolled out for sale for the first time. Examples are Initial Public Offerings (IPOs) for stocks. All Mutual Fund investments also fall under […]
SBNRI Team
answered on 30/03/2020
Can NRI invest in PMS? Before understanding that, let us first learn about what is PMS or Portfolio Management Services (PMS) Portfolio Management Services (PMS) can be understood as the management of funds of HNIs (High Net-Worth Individuals: A wealthy person, in particular one with investable assets in excess of $1 million) by […]
SBNRI Team
answered on 16/11/2020
The same rules apply for seafarers that apply for other NRIs. NRIs can’t open a PPF Account. However, if you had a PPF Account before becoming an NRI, then it can be continued till maturity (15 years) but can’t be extended further. Also, for NRIs, the gains from the PPF Account can only be […]