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India's Economic Ascent

Powerful Numbers Driving Growth, Global Investments, and Manufacturing Leadership
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Leading Economy

India is the 5th largest economy globally, with a GDP of over $3.5 trillion.

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Favourite FPI Destination

India attracted over $25 billion in Foreign Portfolio Investment in 2023.

2
Indian Bonds in Global Index

Indian government bonds are set to join the JP Morgan Global Bond Index in 2024.

3
Alternative Manufacturing Hub Beyond China

India is projected to become a $1 trillion manufacturing hub by 2030, benefiting from global supply chain diversification.

4
Strong Forex Reserves

India's foreign exchange reserves crossed the $600 billion mark in 2023.

5
Ease of Doing Business

Ranked 63rd in the World Bank's Ease of Doing Business Index in 2023.

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Focus on Development

India plans to invest over $1 trillion in infrastructure projects under the National Infrastructure Pipeline (NIP) by 2025.

Key Advantages of Investing with SMC

Trusted, Innovative, and Secure Trading Partner

Publicly Traded in BSE and NSE

SMC is listed on two of India's major stock exchanges, providing transparency and credibility.

Top 11 Qualified Stock Broker

Recognized as one of the top stock brokers in India, ensuring reliability.

Ample Rack Space in NSE and BSE

Provides significant infrastructure space for seamless operations on major exchanges.

Serving 325+ Trading Members & FPIs

Has a vast client base, including trading members and Foreign Portfolio Investors (FPIs).

Tech Team of 250+

A large, skilled technical team supports cutting-edge solutions.

Ultra-Low Latency Trading Infrastructure

Ensures high-speed trading for competitive advantage.

HFT and MFT Trading Solutions

Offers High-Frequency Trading (HFT) and Multi-Frequency Trading (MFT) strategies for sophisticated trading needs.

Strong Compliance and RMS Team

SMC has a robust Compliance and Risk Management System (RMS) team, ensuring adherence to regulations, minimizing trading risks, and safeguarding investor interests. This ensures a secure and compliant trading environment for clients.

SMC : Remarkable Milestones

Unveiling Our Operational Excellence and Market Leadership
Clearing Members

Over 328 clearing members, ensuring efficient transaction settlements and risk management.

Overall Clients

More than 2 million clients, reflecting strong trust and a broad customer base.

Employees

A dedicated workforce of 4250+ employees committed to delivering quality services.

5-Year PAT CAGR

A remarkable 26.02% Compound Annual Growth Rate (CAGR) over the past five years, indicating consistent growth.

FPI/FDI Clients

A growing base of FPI and Foreign Direct Investment clients, highlighting global engagement.

Network of Financial Distributors

A vast network of 7,000+ financial distributors, enhancing market reach and accessibility.

APs and Branches

Spanning through 2,500+ authorized participants (APs) and branches, enabling widespread service availability.

Cities Covered

Present in over 486 cities, making services accessible across India.

Short-Term Rating

Achieved a short-term rating of ICRA A1+, indicating strong credit quality.

Long-Term Ratings

Holds long-term ratings of ICRA A (Stable) and CRISIL A (Stable), demonstrating financial stability and reliability.

Exchange Memberships

Members of major exchanges including NSE, BSE, MCX, NCDEX, INX, NSX, and IEX, ensuring diverse trading opportunities.

Getting Started

FPI is a resident in a country other than India, whose securities market regulator is a signatory to IOSCO's MMOU (Appendix A Signatories) or a signatory to a bilateral MOU with SEBI. In case of a Bank, it should be resident of a country whose central bank is a member of the Bank for International Settlements (BIS).

Unified market access route for all portfolio investments in India.

Proposal by SEBI committee – convergence of all portfolio investment routes, including FII, Sub Account and QFI.

Simplified entry norms - no registration requirement with SEBI.

Investor is from a Country which is a member of IOSCO, have bilateral MOU with SEBI, whose central bank is a member of BIS, is listed in public statement issued by FATF and list of FATF member country.

The investor is regulated and supervised in its home regulations by the market or banking regulator.

Has sufficient experience, good track record, is professionally competent, financially sound, generally good reputation of fairness and integrity.

The investor is fit and proper and legally allowed to invest in overseas jurisdictions.

Investor is not a Non Resident Indian/ OCI or a Resident Indian. If the entity is non-individual :-

Investor is not a Non Resident Indian/ OCI or a Resident Indian. If the entity is non-individual :-

(a) the contribution of a single NRI or OCI or RI shall be below twenty-five percent of the total contribution in the corpus of the applicant.

(b) the aggregate contribution of NRIs, OCIs, and RIs shall be below fifty percent of the total contribution in the total corpus.

(c) the NRIs, OCI or RI should not be in the control of the applicant.

As per the circular by SEBI dates 5th November 2019, the classifications of FPIs have changed. Now there are only two categories Cat 1 and Cat 2, classified as under.

Category I

(a) Government and Government related investors such as central banks, sovereign wealth funds, international or multilateral organizations or agencies, including entities controlled, or at least 75%, directly or indirectly, owned by such Government and Government related investor(s);

(b) Pension funds and university funds;

(c) Appropriately regulated entities such as insurance or reinsurance entities, banks, asset management companies, investment managers (‘IMs’), investment advisors, portfolio managers, broker dealers and swap dealers;

(d) Entities from the Financial Action Task Force (‘FATF’) member countries which are:

Appropriately regulated funds;

Unregulated funds whose IM is appropriately regulated and registered as a Cat I FPI -Provided that the IM undertakes the responsibility of all the acts of commission or omission of such unregulated fund;

University related endowments of such universities that have been in existence for more than five years;

(e)An entity:

Whose IM is from FATF member country and such an IM is registered as Cat I FPI; or

Which is at least 75% owned, directly or indirectly by another entity, eligible under sub-clause (ii), (iii) and (iv) above, and such an eligible entity is from a FATF member country.

Category II

Include all the investors not eligible under Category-I Foreign Portfolio Investor such as

(a) Appropriately regulated funds not eligible as Category-I foreign portfolio investor;

(b) Endowments and foundations;

(c) Charitable organisations;

(d) Corporate bodies;

(e) Family offices;

(f) Individuals;

(g) Appropriately regulated entities investing on behalf of their client, as per conditions specified by the Board from time to time;

(h) Unregulated funds in the form of limited partnership and trusts.

(i) Others

Another major development in the recent circular is that a client can now trade as Omnibus account; this is major step towards making the market more accessible for the Foreign Clients.

Appropriately regulated entities such as banks and merchant banks, asset management companies, investment managers, investment advisors, portfolio managers, insurance & reinsurance entities, broker dealers and swap dealers will be permitted to undertake investments on behalf of their clients as Category II FPIs in addition to undertaking proprietary investment by taking separate registrations as Category I FPI.

(a) Where such entities are undertaking investments on behalf of their clients, Category II FPI registration shall be granted subject to following conditions: Clients of FPI can only be individuals and family offices.

(b) Clients of FPI should also be eligible for registration as FPI and should not be dealing on behalf of third party.

(c) If the FPI is from a Financial Action Task Force member country, then the KYC including identification & verification of beneficial owner of the clients of such FPI should be done by the FPI as per requirements of the home jurisdiction of the FPI. FPIs from non-Financial Action Task Force member countries should perform KYC of their clients including identification & verification of beneficial owner as per Indian KYC requirements.

(d) FPI has to provide complete investor details of its clients (if any) on quarterly basis (end of calendar quarter) by end of the following month to DDP.

(e) Investments made by each such client, either directly as FPI and/or through its investor group shall be clubbed with the investments made by such clients (holding more than 50% in the FPI) through the above referenced appropriately regulated FPIs.

get started

Features & Benefits

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Registrations through Common Application Form (CAF), an online platform by the regulator, to submit necessary documents

2

Single Dcoumentation for on-boarding under Various services

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Experienced Compliance team to ensure smooth on-boarding and guidance.

4

Quick turnaround time for granting FPI registraiton and custody Set-up

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Comprehensive disaster recovery plan.

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Dedicated relationship manager to cater all your needs.

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Single dedicated desk for FEMA and SEBI compliance.

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Tie-ups with reputed consultants for tax related services.

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Debt limits monitoring and facilitates for Debt investment bidding under Voluntary Retention Route (VRR).

How Its Work

key feature
  • 1Issuance of Registration
  • 2Facilitation in getting Permanent Account Number (PAN) for tax purpose
  • 3Setting up of Demat, Custody, CSGL
  • 4Setting up of Trading/ Broking a/c
  • 5Professional Clearing Services
  • 6Necessary reporting to regulatory

Types Of Investments Allowed

Equity

Equity

Shares, Debentures and Warrants, listed or to be listed (both Primary / Secondary).

Units of domestic Mutual Fund Schemes, whether listed or not.

Read more
debt

Debt

Dated Government Securities.

Commerical Papers issued by an Indian Company.

Security Receipts issued by Asset Reconstruction Companies.

Read more
derivative

Derivatives

Equity.

Interest Rate.

Real Estate Funds

Real Estate Funds

Alternate Investment Funds.

Real Estate Investment Trusts.

Infrastructure Investment Trusts.

Process Flow

ParticularsCategory ICategory IIIndicative Time Frame
RegistrationsProvide documentation for Permanent Account Number8 - 15 Days
Provide documentation for Designated Depository
Participant Registration (Custodian)
3 - 5 Days
SEBI FeesUS $ 3,000US $ 300
(US $)
Every block of three years
Registration done, what next?Open INR Accounts with a Bank2 - 4 Days
Open a Custody Account with Custodian2 Days
Open a Brokerage Account with Broker2 - 4 Days

KYC Process

DOCUMENTS REQUIRED
kycprocess
  • Proof of Identity (Passport mandatory)
  • Proof of Address
  • Bank Proof
  • Bank Letter
  • PAN

Let's Connect

India

SMC Global Securities Ltd

11/68, Shanti Chamber, Pusa Road, New Delhi - 110005

fpi@smcindiaonline.com

+91 - 96509-88009

Gift City

SMC Global IFSC

Unit No. 222, 2nd floor, Signature Building, Block No. 13B, Road 1C, Zone-I, Gift-SEZ, Gift City Gandhinagar, Gujarat - 382355

fpi@smcindiaonline.com

+91 - 96509-88009