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Is any approval required from anyone to begin Portfolio Investment?

April 26, 2017Approval Investment portfolio

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Is any approval required from anyone to begin Portfolio Investment?

1 Answer

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10 Posted

NRIs do not need any approval to undertake Portfolio Investment. They have to comply with the guidelines. FIIs need approval of SEBI and RBI. An application has to be filed with SEBI as the relevant rules. The application is forwarded to RBI. Both approvals are available simultaneously. One does not have to approach SEBI and RBI independently. In fact for FIIs, SEBI is the monitoring authority. Detailed rules are laid down under the SEBI law.