Can NRIs invest in Indian IPOs?
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
|Fixed Deposit Bank Accounts|
|Bonds and Non-Convertible Debentures (NCDs)|
|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.