Q: What is an Initial Public Offering (IPO)?
A: When an unlisted company makes either a fresh issue of securities or offers its existing securities for sale or both for the first time to the public, is called an IPO. This is used for listing and...
Q: Can NRI trade in ETF?
A: Yes, NRIs can trade in ETF.
Q: What are the regulations regarding NRI investments in shares?
A: * Daily square off is not allowed for NRI i.e intraday trades are not allowed for NRI clients.
* Clients can trade on delivery basis
* All contract notes of either buy or sell has to be reported...
Q: What are the steps than an NRI has to follow for equity trading?
A: * Open a bank account with an approved designated bank branch
* Take approval of designated branch for investments in Indian stock market
* Open a demat account with a depository participant.
Q: How does NRI invest in equities?
A: NRIs are allowed to invest in Indian stock market under the portfolio investment schemes.
Q: In what way NRIs can finance the flat?
A: The purchase of the flats can be financed from the fresh remittance through the normal banking channels or from payment from the original non-resident account or from Non-resident (External)...
Q: What are the investment restrictions on NRIs for investments in mutual funds?
A: There are no investment restrictions on NRIs for investing in mutual funds. RBI does not restrict investment in mutual funds either on a repatriable or non-repatriable basis.
Q: Can I gift mutual funds to my relatives in India?
A: Yes. Certain funds do permit gifting of units. One should refer to the offer document of the specific fund to know the details.
Q: Can I repatriate my initial investments, earnings from redemption and any dividend arising from it?
A: If the investment is made on a repatriation basis, the net income or capital gains (after tax) arising out of investment is eligible for repatriation subject to regulatory guidelines in force at...
Q: Can an NRI redeem mutual funds with original documents through fax?
A: No, investors are not qualified to redeem mutual fund on the basis of fax applications due to some legal restrictions. A request without a valid signature always gets rejected.