If NRI/PIO desires to make investments under different schemes, can he hold all such securities in a single demat account?
No. Securities received against investments under ‘Foreign Direct Investment scheme (FDI)’, ‘Portfolio Investment scheme (PIS)’ and ‘Scheme for Investment’ on non – repatriation basis have to be credited into separate demat accounts. Investment under PIS could be on repatriation or non – repatriation basis. Investment under FDI scheme is on repatriation basis.
Related Questions
- If NRI/PIO desires to make investments under different schemes, can he hold all such securities in a single demat account?
- Does a NRI/PIO require RBI permission for dematerialization / rematerialisation of securities?
- Does an NRI, PIO, FII require any approval from the RBI to invest in mutual fund schemes?
