Can NRI invest in shares in India through a stock exchange?

Yes, NRI can purchase shares or convertible debentures of an Indian Company through stock exchanges, under the portfolio investment scheme (PIS) on repatriation and /or non-repatriation basis.

NRIs can also invest in:

• Exchange-Traded Funds (ETFs).
• Dated Government securities (other than bearer securities) or treasury bills.
• Units of domestic mutual funds.
• Bonds issued by a public sector undertaking (PSU) in India.
• Shares in Public Sector Enterprises being disinvested by the Government of India.