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What is the Portfolio Investment Scheme?

April 26, 2017Investment portfolio Scheme

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What is the Portfolio Investment Scheme?

4 Answers

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Under this scheme, NRIs/OCBs are permitted to invest in shares/debentures of Indian companies or units of domestic Mutual Funds through Stock Exchanges in India.

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Portfolio Investment Scheme (PINS) is a scheme of the Reserve Bank of India (RBI) defined in Schedule 3 of Foreign Exchange Management Act 2000 under which the ‘Non Resident Indians (NRIs)’, ‘Person of Indian Origin (PIOs )’ and ‘Overseas Corporate Bodies (OCBs)’ can purchase and sell shares and convertible debentures of Indian Companies on a recognized stock exchange in India by routing all such purchase/sale transactions through their account held with a Designated Bank Branch .

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Under this scheme, NRIs are permitted to acquire shares/debentures of Indian companies or units of domestic Mutual Funds through the stock exchange/s in India.

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Under this scheme, NRIs/OCBs are permitted to acquire shares/debentures of Indian companies through the stock exchange/s in India, both on repatriation and non repatriation basis.