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Talk given by Mr. Maneesh Kumar to Rotary club, Mumbai – Jan 17, 2009
Are Sectoral Funds for You? The Economic Times Wealth, May 9-15, 2011
With Metals, Put Shine In Your Portfolio. The Economic Times, April 4, 2011
HNIs Turn To Capital Protected Schemes To Tide Over Volatility. The Financial Express, Feb 17, 2011
Wealthy Indians Prefer Tangible Assets As Passion Investments. The Financial Express, December 10, 2010
LIC, IDFC To Launch Tax-free Infra Bonds This Month. The Economic Times, September 7, 2010
Global Retail Money Hot On India. The Financial Express, August 8, 2010
Netting Their Worth, The Financial Express, July 4, 2010
Street Smart In Tough Times, The Financial Express, June 11, 2010
MFs Offer Crop Funds For Higher Yields. The Economic Times, April 30, 2010
Affluent investors increase exposure to silver-Commodities-Markets - Apr 27- 2010
MFs offer crop funds for high yields-ET - Apr30 - 2010
Investors turn to wealth managers for best bets – Analysis – Markets3 – ET – Mar25 - 10
Investors play it safe ,bet on Index funds amid volatile market conditions . -ET – Mar 3 -10
PMS players turn smart , now go for only the really wealthy-Market News
Rich turn risk-averse, eye debt for big returns-Analysis-MarketsET-11-12-09
Assure returns on insurance products-ET Faceoff Maneesh 26 01 09  
Is a cap of MF redemption justified. ET_Faceoff_Maneesh –20 10 08.
Has the market slide stopped. Money Today –April3-08.
Avenues for NRIs_ET_Maneesh_NRI_301108
Make The New Pension System Work For You - moneyoutlookindia
Vaccinate Your Portfolio - Times Of India_MK_190808
Go For the Attack, Mind the Defence Too – Hindu Business Line
Brokers using Buffetspeak to woo investors back
Have Rs. 5 lakh, become PE Investor – Analysis-Markets-The Economic Times
HNIs eye non-equity assets abroad_Banking & Finance_Personal Finance - All Business
Rebuilding Your Wealth-moneyoutlookindia
HNIs find succor in Debt PMS-ET_Maneesh_Debt PMS_270908
Investors look for emerging markets beyond BRIC_IndusLatin
Left Out-Play It Safe-ET_MK_19 10 08
Has the market slide stopped-Money Today-Apr3-2008
NoidaScoop-HNIs Eye Non-Equity Assets Abroad
Don’t time the market based on budget-Analysis-Markets - The Economic Times
Retail Investors Find Investing in PE Funds Affordable
Rich investors take conservative route_mydigitalfc.comNEW ONE
Save and stay liquid at the same time-ET_MK_020109
Slowdown in structured products business may deepen-ET_MK_020109
The GILT Edge-ET_MK_021108
The well-heeled look ahead-The Hindu Business Line
Time right to pick large caps, invest in SIP_STPs-Analysis-Markets-The Economic Times
Brokers go slow on structured products-Analysis-Markets-The Economic TimesEW
Wealth Mangers devise new strategies to woo investors-MF News-Mutual Funds
Wealth Managers see fresh bottom post election-AnalysisMarkets-The Economic Times
Wealth Managers keep faith – take position in large cap stocks-ET_Maneesh 13 11 08
Will the past winning stocks and sectors lead the recovery – Money Today_Maneesh_Apr’08
Finance Online-Don’t time market based on budget
All Voices – HNIs eye non-equity assets abroad
You can have your cake and eat it too – DNA India


    Q. I am a senior citizen. What are some good investment options are available to me?
    Q. What tax-free investment options are available to me in India?
    Q. I believe real estate is quite cheap after the crisis abroad. How can I being an Indian citizen buy real estate in the U.S.?
    Q. I am a NRI. How can I invest in Indian Stock Markets? a

For most NRI's the difficult part about knowing how to go about investing in the Indian stock markets is finding one place where they can get all the required information. To start off with, there is definitely quite an amount of paper work. For instance you would need to open bank accounts and complete other related formalities. But what investors prefer is to have an account with a good bank, open an account with a good stock broker and be comfortable that their funds are safe and that all trades would be executed fairly and transparently.

So here are the basics on how an NRI could invest in the Indian stock markets :

Firstly, you would need to open a bank account and decide whether you need to trade on a repatriable or a non repatriable basis. Now those who already have bank accounts should check with their bankers to find out whether those are suitable for stock trading. Know that you can nominate only one bank account for your stock trading that you’ll do with a broker. Some of the leading private banks are competent in this regard and can help you open an account through the internet that can be faster.

NRIs are allowed to invest in Indian stock market under :

The Portfolio Investment Scheme (PIS) (buying through the secondary market) and
2. Through the Direct Subscription route (Investments though IPO’s/Private Placements).
An NRI has to follow the following basic steps :
1. Open a savings bank account (Non – PIS) with approved designated bank branch – linked to
  Demat Account for Dividend Credit
Take approval of designated bank for investment in Indian Stock Market. We work with Kotak
Mahindra Bank which is one of the premier banks in India and is amongst one of the designated
banks for issuing RBI Approval which is called PIS (Port folio investment scheme)
3. Open a Demat Account with a Depository Participant – Holds shares in electronic form.
4. Appoint a broker to execute trades on your behalf on the Exchange. Used to buy/sell
  stocks/invest in mutual funds.
Accounts can be opened in NRE (Repatriable), NRO (Non Repatriable) or Both status
Proofs To Be Submitted For Opening Of Bank/Trading/Demat Accounts With Us
  1. Passport with the following details is collected :
    • Name
    • Passport No
    • Date & place of issue
    • Date of Expiry
    • Address (should be the same as on the form)
    • Date & place of Birth
    • Signature
    • Photograph

  2. Visa Stamp
    • Country of Issue
    • Type of Visa (Immigrant / work permit / dependent etc)
    • Date of Expiry
    • Immigration stamps
    • Date of Issue

  3. Person of Indian origin proof
    NOTE: if the client is born before 1947 needs to give an affidavit stating that he is person of Indian origin.

    In case if the client doesn't have person of Indian origin proof than Other proofs included for an nri s to person of Indian origin is can give birth certificate or passport copy of his parents grand parents

  4. Copy of PIS permission in case if the client already has an PIS account with another designated bank

  5. Client Master Copy, for existing demat account that the client already has and only wants open a trading account with us through Kotak Securities

  6. Bankers Verification for having a Pins and saving or pins or saving account with the designated branch

  7. PAN card it is mandatory for all the clients

  8. Signed across Photograph on all the account opening forms

  9. POA to our partner, Kotak Securities Ltd depends whether you want to give a power of attorney or not. But it largely serves convenience to the clients, so that you don't need to give delivery instruction for execution of shares from your demat account every time you make a sale.

  10. If the client belongs from US than we would require Social security card or if the client belongs from Middle East than we would require his lease agreements copy from the client.

  11. Copy of tax residential certificate issued by the tax /competent authority of country of residence.


    Copy of tax residential certificate issued by the tax /competent authority of country of residence.


    Copy of Tax Identification number certificate issued by the tax /competent authority of country of resident.


    Copy of my/our latest tax returns/forms filed in the said country of my/ our residence along with the Social Security card copy.

Charges for account opening
  1. For bank 300 stamp papers charges will be debited after opening of account with the bank to the customer's bank account.

  2. For Trinity accounts Rs. 1500 is compulsorily to be collected as account opening charges.
*These charges are subject to change

Note: In case of investment through primary market a NRI does not need to open a PINS Account or does not needs a approval of designated bank for investment.

Our partner Kotak is privileged to provide the above facilities under one umbrella to be able to serve a NRI better.

There are two types of Rupee accounts permitted to be maintained by the NRI's

An NRI can maintain two types of Rupee accounts. Those are NRE and NRO Accounts :

  • Non-Resident (External) Rupee Accounts (NRE Accounts) and
  • Ordinary Non-Resident Rupee. (NRO Accounts)

The distinction between NRE and NRO accounts

Funds remitted from abroad or local funds which can otherwise be remitted abroad to the account holder, can be credited to NRE Accounts. Local funds, which do not qualify for remittance outside India, are required to be credited to NRO accounts. In simple terms in NRE account an Nri can remit the money abroad but in case of NRO he/she cannot.

    Q. Doesn't this sound like a lot of paper work?
    Q. What is meant by investment through direct subscription route?
    Q. Do investments made though subscription to Initial Public Offerings (IPO's) or Private placements also come under the preview of Portfolio Investment Scheme?
    Q. Do NRIs need any permission of RBI to subscribe to Initial Public Offerings (IPO's) or Private placements of equity shares/convertible debentures of existing or new companies?
    Q. Do NRIs need any approval from Reserve Bank of India for selling of the securities acquired through IPO’s/Private Placement?
    Q. Do NRIs need to route the sale of securities acquired through IPO/Private Placement through the designated bank branch for Portfolio Investment Scheme, if any?
    Q. Is there any limit for purchase of shares/convertible debentures by NRIs under the Portfolio Investment Scheme?
    Q. Who monitors these ceilings on the holdings by NRIs/OCBs? What is RBI's Restrict List/Watch List?
    Q. What happens if an NRI purchases a stock in excess of the prescribed limit?
    Q. What are the regulations regarding NRI Trading:-
    Q. What is "Tax Deduction at Source (TDS)" on capital gains arising out of sale of holdings by NRIs?
    Q. What is meant by 'long term capital gain' and 'short term capital gain'?
    Q. What is the difference between investments that have a repatriation benefit and those that do not?
    Q. Are there any guidelines set by the RBI for NRI's to be followed while investing in the Indian markets?
    Q. What is the difference between investments that have a repatriation benefit and those that do not?
    Q. Are there any guidelines set by the RBI for NRI's to be followed while investing in the Indian markets?
    Q. Does an NRI have to pay extra transaction charges for his demat account linked with an NRO account ?
    Q. Is it necessary to have a broker in India even if the NRI has a demat account?
    Q. Can an NRI execute trades through relatives in India?
    Q. How should NRI's go about investing in stocks? Do they look for RBI designated banks and if so where can they start?
    Q. What about IPO's and private placement? Do they have to go through the SEBI registered portfolio investment scheme and if so you could tell us a little bit about how that works?
    Q. The most important concern of NRI, PRO, OCB is how to choose an intermediary, the financial institution, the stock broker or the bank through which they need to transact business. Please explain
    Q. Any other factor that needs to be considered while assessing the credibility of the broker ?
    Q. Can you throw some light on the various charges that need to be paid while opening all these accounts? Are there any hidden costs, any transaction fees that one needs to watch out for?
    Q. What are the taxes that are levied? Also is there a system of double taxation for NRI's?
    Q. Is there a significant advantage in investing under repatriable?
    Q. Can NRI's, PIO, OCB's invest in government securities? What are the restrictions?
    Q. There are individuals who are not even of Indian origin but would like to invest in the Indian market. Now is that possible?
    Q. Are there any guidelines that foreign investors, NRI's need to keep in mind in terms of RBI guidelines?
    Q. What are the rules under which a NRI can invest in Derivatives in Indian Stock Market?
    Q. What are SIPs and are they available to NRIs?
    Q. I am a NRI. Can I invest in mutual funds in India?
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