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Investments for NRI/PIO/FPI’s
We give advice for investment for Non Resident Indian (NRI), Person of Indian Origin (PIO) and Foreign Portfolio Investment (FPI).
Who is a NRI (Non Resident Indian)?
A non-resident Indian (NRI) is a citizen of India who holds an Indian passport and has temporarily immigrated to another country for six months or more for employment, residence, education or any other purpose.
Who is a PIO (Person of Indian Origin)?
A person of Indian origin (PIO) is a person of Indian origin or ancestry but who is not a citizen of India and is the citizen of another country. A PIO might have been a citizen of India and subsequently taken the citizenship of another country, or have ancestors born in India or other states.
Who is a FPI (Foreign Portfolio Investor)?
A FPI (Foreign Portfolio Investor) is a person who:-
is not resident in India
is a resident of a country whose securities market regulator is a signatory to International Organization of Securities Commission’s Multilateral Memorandum of Understanding or a signatory to bilateral Memorandum of Understanding with the Board
is not a non-resident Indian
For further details on FPI, you may go through the SEBI (Foreign Portfolio Investors) Regulations, 2014 http://www.sebi.gov.in/cms/sebi_data/attachdocs/1389083605384.pdf
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