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Helping NRIs participate in the India Growth Story

Investing in India is an emotional as well as financially rewarding decision for NRIs to grow their hard earned wealth. PL offers a dedicated NRI Desk to help assist NRIs from across the globe in a host of investment and financial activities. From equities to mutual funds, we are a one-stop-shop for all your needs.


Advantages

  • Dedicated NRI Desk to cater to the differentiated needs of the global NRI community.
  • Offers end –to-end solution to all NRI investment needs.
  • Personalized Service for NRI clients
  • 24 x 7 back office support where investor can view Electronic contract note (ECN), Equity ledger, Transaction report, Capital Gains report etc.
  • Facility to Purchase/ Redeem Mutual Funds online

Helping NRIs participate in the India Growth Story

Equity Advisory & Broking

Derivatives – NRO category

Portfolio Management Services – PMS

Mutual Fund (Advisory & Distribution)

Real Estate

IPO

Insurance

Alternate Investment Funds – AIF

Contact us at nridesk@plindia.com or call Mr. Pankaj Shrestha at +91 22 6632 2351 or +91 9820710007

FAQs for NRI - Trading Account

Non-Resident Indian (NRI) means a “person resident outside India who is a citizen of India or is a person of Indian origin"[as per FEMA regulations]
Yes, NRI can purchase shares or convertible debentures of an Indian Company through stock exchanges, under the portfolio investment scheme on repatriation and /or non repatriation basis.
Yes, NRIs are allowed to Invest in Exchange Traded Funds (ETFs). NRIs can invest in ETFs both on repatriation as well as non repatriation basis.
As per Reserve Bank of India (RBI) guidelines, NRIs who wish to invest in shares in India through a stock exchange need to have NRE (Non Resident External) /NRO (Non Resident Ordinary)/ PIS (Portfolio Investment scheme) bank account with the designated branch of any authorized dealer (bank) authorized by Reserve Bank.
Reserve Bank of India has authorized few branches of each authorized dealer bank to conduct the business under Portfolio Investment Scheme on behalf of NRIs. NRI can select only one authorized dealer bank for the purpose of investment under portfolio investment scheme and route the transactions through the branch designated by the authorized dealer bank.
For the purposes of investments in shares/securities in India, person of Indian origin means a citizen of any country other than Pakistan or Bangladesh, if a) he at any time, held an Indian passport; or b) he or either of his parents or any of his grandparents were a citizen of India by virtue of the Constitution of India or Citizenship Act, 1955 (57 of 1995); or c) the person is a spouse of an Indian citizen or a person referred to in clause (a) or (b)

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