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Non-Resident Ordinary (NRO) Account |
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Non-Resident External (NRE) Account |
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Foreign Currency Non Resident (FCNR) Account. |
The NRO / NRE accounts are maintained in rupees and the funds remitted will thus be converted into India rupees at the spot exchange rate.
For FCNR, the deposit can be maintained in the currency of your choice i.e. USD, GBP, EUR, AUD and
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S M Financial and Management Services has designed to provide at a glance, the various investment opportunities, which are available to Non Resident Indian (NRI), Person of Indian Origin (PIO) etc.
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NRIs are permitted to make direct investments in proprietary/partnership concerns in India as also in shares/debentures of Indian companies. They are also permitted to make portfolio investments i.e. purchase of shares/debentures of Indian companies through stock exchanges in India. These facilities are granted both on repatriation and non repatriation basis.
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On Repatriation basis
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Investments on a repatriation basis must be made using funds sourced from foreign exchange through normal banking channels, or from funds held in NRE/FCNR accounts maintained in India.
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On Non-repatriation basis
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Investment in shares purchased on a non-repatriation basis can additionally be made by utilizing funds from NRO accounts.
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Following are the useful information for NRIs to invest in securities in India:
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Firstly NRIs need to open a bank account and decide whether they need to trade on a repatriable or a non repatriable basis. Now those who already have bank accounts should check with their bankers to find out whether those are suitable for stock trading. Know that you can nominate only one bank account for your stock trading.
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NRIs can invest in all avenues open to resident Indians. Persons of Indian origin are restricted to investment in non-agricultural businesses in the country.
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NRIs are allowed to invest in shares and stocks in India either:
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Directly by subscribing to shares and debentures of Indian companies on a repatriable or non-repatriable basis, or
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Through the Portfolio Investment Scheme, or
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In government securities, certificates and units of UTI through remittances from their domestic accounts or remittances from abroad.
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NRIs can sell the stocks and shares they hold to resident individuals or though the stock exchange. Securities can also be gifted by NRIs.
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| Investment Opportunities: |
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Real Estate: Primary and Secondary Market |
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Share and Debentures: Primary and Secondary Mkt |
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Mutual Funds |
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Derivative Contracts |
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Commercial Papers |
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Government Dated Securities, T-bills etc |
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