Foreign Portfolio Investors
FPIs are Foreign Portfolio Investors which include below persons (Eligibility for FPI Investments) -
- Is not resident in India (includes Corporate Bodies, Trusts, Individuals, Family Offices, etc
- Is resident of eligible countries
- Is not an NRI
- Is legally permitted to invest in securities outside his country
- Has sufficient experience, good track record, is professionally competent, financially sound, generally good reputation of fairness and integrity
- Any foreign individual or entity, resident in a country which is a member of the Financial Action Task Force (FATF) & other countries with whom the Security & Exchange Board of India (SEBI) may have entered into a multilateral or bilateral agreement with, is eligible to invest in India.
- Also, NRIs who do not hold a PIS account or who has but closes all his/her NRI DEMAT accounts in India is eligible to invest through this route.
Why invest in the stock market through Dynamic PMS?
- Safety of investments
- Custody services
- Strong performance and return on investments
To start investing in India you have to:
Step 1 - Get a Permanent Account Number (PAN)
Step 2 - Opening a Custodian, DEMAT through a SEBI approved, Designated Depository Participants (DDP) cum Custodian.
Step 3 - Open an INR-FX Indian bank account
Step 4 - Open a trading account with Dynamic and start investing.
Commencement of Business
In about a month from the date of receipt of all the documents duly signed, the FPI investor will be in a position to start investing.
Guidelines for FPIs
- Based on our in-house Research expert analysis, FPI can invest by either placing orders directly with us or route it through Custodian’s Order Management System which many Custodian DDPs provide.
- Post execution of trades, the settlement of securities as well as funds will be done at Custodian End without any action from FPI’s end.
- Deduction of withholding tax & payment of the same to the Government from time to time on each sale transaction during the course of investment activity in India will be taken care of by the Custodian. In case of a situation of a refund of Tax, due to the FPI on a subsequent loss transaction, the same will have to be claimed by way of filing Income Tax Returns in India. DDP can manage the same through a Tax Consultant.
- Investments by FPIs are governed by overall limits which vary in case of each Asset Class. The monitoring of such limits will be the responsibility of the Custodian DDP.
- The funds invested through this route are fully repatriable at any point of time as per the FPIs instructions
List of DDPs
There are presently 18 DDPs registered with SEBI who can grant registration of FPI -
- Axis Bank Limited
- BNP Paribas
- Citibank N.A
- DBS Bank Ltd.
- Deutsche Bank AG
- Edelweiss Custodial Services Limited
- Geojit BNP Paribas Financial Services Ltd.
- HDFC Bank Limited
- HSBC Ltd
- ICICI Bank Limited
- IL & FS Securities Services Limited
- India Infoline Limited
- JPMorgan Chase Bank
- Kotak Mahindra Bank Limited
- Orbis Financial Corporation Ltd.
- SBI-SG Global Securities Services Pvt. Ltd.
- Standard Chartered Bank
- Stock Holding Corporation of India Limited