Good news for NRIs from J&K. This is how they can invest in Indian markets now

Mumbai: There is a good news for NRIs from J&K!
India’s market regulator, the Securities and Exchange Board of India (Sebi), has made it easier for Non-Resident Indians (NRIs) to invest in Indian markets.
Sebi has now allowed Foreign Portfolio Investors (FPIs) established in GIFT City to accept unlimited investments from Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs). This opens doors for greater participation from the Indian diaspora in Indian markets.
What’s changed?
Previously: NRIs and Overseas Citizens of India (OCIs) could only invest up to 50% in a Foreign Portfolio Investor (FPI).
Now: NRIs can own up to 100% of a global fund set up at GIFT City, a special economic zone in Gujarat.
What are the benefits?
More investment options for NRIs:
This opens doors for NRIs to invest a larger portion of their money in Indian stocks through global funds.
Potential for increased investment flows:
This move could attract more investment from the Indian diaspora into the Indian stock market.
Disclosure Requirements:
To ensure transparency, any FPI taking advantage of this rule will need to provide SEBI with details of all its NRI/OCI investors, including their Permanent Account Number (PAN) cards and their investment amount.
To maintain transparency, stricter disclosure rules apply to funds with significant holdings in a single Indian group or large overall holdings in Indian equities. Funds with over 33% of their equity assets under management (AUM) in one Indian group company will need to provide detailed investor information.

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