Category: NRI Trading

Why are FPIs crying foul of the SEBI April circular?

In the last few weeks, till the time SEBI gave a clarification, the hottest topic of discussion in the market was the SEBI April circular which put restrictions on Non resident Indians and Overseas Corporate Bodies (OCBs) from having beneficial ownership of FPIs. As we are aware, there are 3 categories of FPIs in India.