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What is a Foreign Institutional Investor (FII)?

April 26, 2017fii foreign institutional investor

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What is a Foreign Institutional Investor (FII)?

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As per the Income Tax Act, 1961 the Foreign Institutional Investor means such investor as the Central Government may, by notification in the Official Gazette specify in this behalf. A Foreign Institutional Investor (FII) means an institution established or incorporated outside India, which proposes to make investment in India in Securities. The FIIs have to register with Securities and Exchange Board of India (SEBI). FIIs are permitted to trade in securities in primary as well as secondary markets..