Tag: NRI trading account

Can a Foreigner invest in Indian Stock market, if so, is it easy and worthy?

SEBI recently permitted Qualified Foreign Investors (QFIs) to invest in India without too many regulatory restrictions. The RBI has further allowed QFIs to invest up to $ 1 billion in the corporate bond market and debt schemes of mutual funds without any lock-in period. Earlier only FIIs, their sub-accounts, and NRIs were allowed to directly

Can NRIs residing in US invest in mutual funds in India?

At the outset, one needs to be clear that there is no difference between NRIs from US/Canada investing in India and for NRIs from other countries investing in India. The only difference is the fairly elaborate compliance requirements under FATCA or Foreign Account Tax Compliance Act. Fund houses stopped taking investments from the USA and

What special benefits do NRIs get at Tradeplus?

There are plenty of benefits extended to NRI clients at Tradeplus when they trade in NRO mode. They are No PIS bank account is required to trade Get Exposure and leverage Facility to execute BTST (Buy Today and Sell Tomorrow) and Intraday Trades Facility to buy in NSE with stock collateral and hold it for

Acounts to be Opened For an NRI to Invest

NRI Account Opening Procedure The following are the accounts to be opened for an NRI to invest in India. Step 1: Trading account: This account enables one to buy/sell stocks Step 2: Demat account: This is the account where the shares you bought will be credited and shares you sold will be debited. Step 3: PIS Account –

How can an NRI access listed currency derivatives?

The Securities & Exchange Board of India (SEBI) has recently permitted the NRIs to hedge their currency risk through the Exchange Traded Derivatives (ETD). Currently, ETDs are permitted in the form of futures and options on select currency pairs on hard currencies like the US Dollar, Euro and the Yen. Of course, the Dollar pair