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 |
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| Mutual Funds |
|
| Direct Equity |
|
| Real Estate |
|
| Bonds and Non-Convertible Debentures (NCDs) |
|
| Government Securities |
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| Certificate of Deposits |
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| 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 11/09/2020
No. Presently, there’s nothing like that. What you must have read is the PPF Notification of 2017 which reduced the interest rates for NRIs to 4%. But later in 2018, the rules of PPF for NRIs were amended again. The highlights of the amendment are as follows: 1. NRIs can’t extend PPF Account […]
SBNRI Team
answered on 11/09/2020
The answer is NO! To understand this, let’s consider these basic explanations: 1. Any NRI can’t open a PPF Account. NRIs aren’t eligible for opening one, even if they are doing it for a minor. 2. If the minor is also an NRI, he is too not eligible for a PPF account. 3. If […]
SBNRI Team
answered on 11/09/2020
1. Yes you can continue to invest in your PPF Account after becoming an NRI on a non-repatriation basis. But you can only do so till its maturity (15 years). You can not extend the PPF account once it’s matured. 2. No sir. You can’t have a savings account in India after becoming an […]
SBNRI Team
answered on 16/11/2020
Your Demat Account will directly relate to your residential status: If you’re completing the stipulated number of days outside India (184 days or more in one financial year) then you’ll be required to open an NRI Demat Account. If you’re not an NRI as per the stipulated number of days (i.e. if you’re staying 184 […]