Getting Started

Thank you for your interest in investing in India.

India welcomes foreign investment from following classes of investors:

  • Foreign Portfolio Investors (FPIs)
  • Non Resident Indians (NRIs) / Persons of Indian Origin (PIO)

As per SEBI (Foreign Portfolio Investors) Regulations 2014 promulgated and implemented w.e.f. June 1, 2014,

  • The onus of registration has moved from SEBI to Designated Depository Participants (DDP)
  • Access to investment in India is rationalised & harmonised
  • KYC requirements harmonised in line with FPI regulations
  • Registration as FPI available under the following three categories based on the perceived risk
Category I Category II Category III

Govt. and Govt. related foreign investors such as Foreign Central Banks, Governmental Agencies, Sovereign Wealth Funds, International / Multilateral Organizations/ Agencies


  • Appropriately regulated broad based funds such as Mutual Funds, Investment Trusts, Insurance / Reinsurance Companies, Other Broad Based Funds etc .

  • Appropriately regulated entities such as Banks, Asset Mgmt. Cos, Investment Managers/ Advisors, Portfolio Managers etc.

  • Broad based funds whose investment manager is appropriately regulated

  • University Funds and Pension Funds

  • University related Endowments already registered with SEBI as FII/Sub Account

All other Foreign Investors investing in India under PIS route, not eligible under Category I and II such as Endowments, Charitable Societies / Trust, Foundations ,Corporate Bodies, Trusts, Individuals, Family Offices, etc.

In the interests of investor convenience, we have invited KPMG to provide an overview of the FPI - Regulatory and Tax regime.

NOTE: NOTE: FOR DOWNLOADING THE DOCUMENT YOU WILL BE DIRECTED TO A "TERMS OF USE", WHICH YOU NEED TO ACCEPT, FOR DOWNLOAD TO COMMENCE.

Download presentation on FPI-Regulatory and Tax Regime (.pdf)

While every effort has been taken to make this overview relevant, we encourage you to take independent legal and tax advice before investing in India. Rules and regulations change, and while it is our intention to keep this overview updated, NSE and KPMG do not warrant the completeness and accuracy of this information.

Other useful links:

FPI Investment

FPIs are allowed to trade in Equities (Capital Market), Equity Derivatives, Government Securities, Debt Instrument and Interest Rate Derivatives on the Exchange platform.

Investment limits for FII/sub-account for various instruments are given below:-

Equities

Equity Derivatives

Government Securities & Debt Instruments

Currency Derivatives

Interest rate Derivatives

Related Links

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