Investment in Equity Markets
Many investors wanting to speculate in stocks are coming over to India as the market is booming and in the last few decades there has been a huge inflow of money into the stock markets. You have to close your demat account and open a new NRO Demat Account. You don't have to seek permission from the RBI. Investing in securities is done through portfolio investment scheme. As per this scheme, NRIs can select one branch designated by RBI for transaction related to investment. The transaction then can happen through the specified branch for stocks and convertible debentures.
Many investors wanting to speculate in stocks are coming over to India as the market is booming and in the last few decades there has been a huge inflow of money into the stock markets. You have to close your demat account and open a new NRO Demat Account. You don't have to seek permission from the RBI. Investing in securities is done through portfolio investment scheme. As per this scheme, NRIs can select one branch designated by RBI for transaction related to investment. The transaction then can happen through the specified branch for stocks and convertible debentures.
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