NRI

NRI

NRI

Non Resident Indian’s can invest under repatriation or non-repatriation basis in Indian stock markets through the Portfolio Investment Scheme of the RBI. The products in which an NRI can transact are Shares, Convertible Debentures and Equity based derivatives.

Features

Seamless zero hassle trading account

Invest in the primary and secondary market with NRE and NRO account through single login access with wide range of products.

Automated Tax Settlement

Payout will be credited in your NRE/NRO bank account post deduction of applicable taxes

Real Time Portfolio Tracking

Our trading platform and mobile app will help you track your portfolio real time

Research & Advisory

There is a wide range of research reports which help you choose right stocks for your long term & short term investments to get maximized return on your investment

Setting off losses

Short term losses will be adjusted in same financial year to minimize your tax deducted at source

Product Offering

Global Investing

Equity

Mutual Funds

Corporate FD

Derivatives (Futures & Options)

IPO

ETFs

India to become GLOBAL FINLUENCER

By its Innovative Financial Settlement systems.

There by creating RESILIENT, ROBUST, REWARDING Capital market.
GDP & FDI

India is the largest beneficiary of the opening up of the economy. Financial Sector, Banking, Insurance, Logistics, Outsourcing, Testing and Analysis, Automobile Industry are some of the recent beneficiaries

FDI is well diversified and covers almost all states of India such as Maharashtra, Karnataka, Gujarat, Delhi, and Tamil Nadu.

In FY 2014-15, FDI inflow in India stood at a mere $ 45.15 bn, which increased to $ 60.22 bn in 2016-17 and further to the highest ever annual FDI inflow of $ 83.57 bn reported during the FY 2021-22. Total FDI inflows in the country in FY 22-23 is $ 70.97 Bn and total FDI equity inflows stand at $ 46.03 Bn.

Political

India is the world's largest democracy, Mr. Narendra Modi is the Prime Minister for the two consecutive terms and he is expected to be the Prime Minister for the third time. This means confidence and continuity for the policies and their implementation and a way for a stable government.

Capital Market

Capital Market in India is presently traded at 22.96 PE multiple which shows high confidence and resilience in the market.

Not only it is at the highest level but also expected to rise further to provide you the better returns than any other economy.

Make-In-India

The Government has recently embarked upon an ambitious ‘Make in India’ Scheme by providing a Productive Linked Incentive (PLI Scheme).

This is a scheme that gives incentives to companies on incremental sales from products, and manufacturers in domestic units. Now, this scheme covered almost all important components of the Industry like, Automobiles, Pharma, Specialty Steel, Telecom, White Goods, ACC, and New Aged Battery

Big ticket Reforms

GST and IBC were already in place. Now, the Government is concentrating on Export, Infrastructure and Rural Development.

Defence Sector has been opened and private participation in the manufacturing of defence equipment is welcome.

digitalized and proceedings are available online in most of the cases. The legislature has mandated the resolution of commercial disputes within a short period not exceeding two years.

Economy

It is assumed that Private consumption will increase by four times due to high volume and high spending capacity.

India has a positive microeconomic environment: Inflation is under control and it has record high foreign exchange results.

Types of NRI Account

NRE PIS

For buying and selling shares in indian Stock Market under PIS on repatriable basis

NRO PIS

For buying and selling shares in indian Stock Market under PIS on non-repa-triable basis

NRE NON PIS

Investment into Mutual Funds, ETF or IPO under Non PIS on non repatriable basis

NRO NON PIS

Investment into Mutual Funds, ETF or IPO under Non PIS on non repatriable basis & trading in Futures & Options

How to Open an Account

Regulation

NRI Clients can do only delivery based trading, intra day trades or daily square offs are not allowed for NRIs.

NRIs are allowed to invest in Indian Stock Market under the Portfolio Investment Scheme (PIS) through secondary market.

All trades done by NRIs are to be reported to Authorized Dealers within 24 hours which is taken care off by broker that is, Farsight Securities Ltd..

There is a ceiling of purchase under PIS for investments on repatriable basis. Once the ceiling is breached the stock is blocked by RBI for NRI trading. This scripts is re-opened for trading once the holding percentage of NRI's drops down.

Trading in Futures and Options can only be done on non-repatriable basis only through NRO account.

Tax Implication

  • As per regulatory guidelines, Tax (if applicable) has to be deducted at source for all the profits done in the equity market transactions by NRIs.
  • Capital gains are profits arising from sale of shares. Long term capital gains is profit made out of selling of shares held for more than 1 year and short term capital gains is for shared held for less than 1 year.
  • The applicable tax would be deducted for equity and futures & options based on long term or short term capital gains. While there would be no tax on losses.
  • Tax amount deducted will be reflected on your bank statement and in TDS certificate issued by the Bank
Farsight Customer care business account

Whatsapp 24*7