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

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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.


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