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NRI Investments

NRI

Why Invest in India?

Political

  • India’s is world’s largest democracy. Mr. Narendra Modi becoming the Prime Minister for the second time with a thumping majority paves a way for a stable government. This means confidence and continuity for the policies and its implementations

GDP & FDI

  • The fastest growing large economy in the world, GDP growing above 7%. It is expected to grow at a rapid for the next 20 years
  • GDP estimated to cross USD 5tn by 2027 and USD 10tn by 2035 and USD 20tn by 2045
  • India is a sought after destination for FDI in view of Ease of Doing Business rankings released by the World Bank going up to 77 from 142 in last four years. It is expected to break in top 50 in next 5 years

Demography & Economy

  • India is a consumption based economy, which makes it less effected by Trade wars and other geopolitical changes
  • 4D Advantage, Demography dividend (Mean Age – 27 years), Democracy, Domestic Demand and large Indian Diaspora all over the world

Make-In-India

  • Make-In-India vision of PM Modi to turn India as a manufacturing hub and by 2025 India is expected to become 3rd largest consumer market of the world
  • The one of the largest start up ecosystem in the world providing enormous opportunities for the investors

Big Ticket Reforms

  • Big ticket reforms have happened in the last 5 years namely GST - One Nation One Tax, IBC Act, RERA proving to be game changers
  • Big focus on exports, infrastructure, agriculture, creation of jobs, rural development in coming years, resulting in a big boost to corporate earning which will enable a bullish trend in the stock markets
  • Labor, Land and Judiciary are expected to see some ground breaking reforms in coming 5 years

Capital Market

  • The capital market capitalization will move up in line with size of GDP providing Indian Corporate opportunity to grow exponentially. The INR is expected to be stable vis-à-vis USD , due to increase in FDI and also because of enhanced foreign reserve surplus
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Services Offered to NRIs

Online Trading in Equities and Derivatives I Distribution Services of IPO and MF I Real Estate Advisory Services I SMC Easy Go: Back Office Support on Mobile I Award Winning Research Desk I Dedicated NRI Support Desk I Depository Services

Are You A Foreign National?

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Why SMC?

At SMC, we believe in growing with our clients and creating valuable relationships. It’s about having the passion to go that extra mile and it’s about making the clients and partners a part of the family.

people icon
serving over
18 Lac
unique clients
add people
Workforce of
3000+
employees
build
Presence in 500+ cities in India & abroad
integrate
large network of
2,500+ sub-brokers & authorised persons
secure wallet
Cumulative AUM under Mutual Funds 3,000+ crores
Reasons to choose SMC as your preferred broker
  • Wide Range of Financial Product and Services
  • Advanced charts on trading platforms with built in historical data
  • Online Trading on Smart Phone and Tablets
  • Award Winning and Reputed Brand
  • Dedicated Trading and Research Desk
  • Auto Trender – Specialized Technical tool
  • Competitive Brokerage Rate

Our Offerings

Broking

Trading member of equity, commodity & currency segments of all the leading exchanges

Wealth Management

SEBI registered portfolio manager-providing client specific portfolio & wealth managment services

Investment Banking

Category 1 merchant banker-private equity, M&A, corporate advisory, debt syndication, FCCB, IPO, FPO, right issue etc.

Distribution

Distribution of mutual funds, IPOs, corporate fixed deposits, GOI bonds and NCDs

Insurance Broking

Insurance broking for both Life and Non-life

Real Estate Advisory

Real estate solutions for residential, commercial, land and structured real estate products

Institutional Broking

(Institutional Trading and Advisory Services)

NRI & FPI Services

Providing trading facilities to Non-resident Indians (NRI) & Foreign Portfolio Investors (FPI)

NBFC (Financing)

Provide loans to salaried, self employed, professionals or businessman and capital or commodity market clients

Mortgage Advisory

Providing secured loans, unsecured loans, project funding and SME loans to investors, corporates and propertyowners across the country

Clearing Services

Manage the clearing services for trading members in different segments of various exchanges

Getting Started

With SMC Online, you can invest in the indian Market with State-of-theArt securied trading platform with the following simple steps.

Get A
PAN CARD

Open An
NRI
Saving Bank Account (NRE/NRO or Both)

Open An
PIS
Saving Bank Account (NRE/NRO or Both)

Apply For Demat & Trading Account With
SMC
(NRE/NRO or Both)

Documents Required

PAN Card | Copy of Passport | Copy of Valid Visa | Resident Card | Copy of Overseas address Proof | Bank Account statement | Passport size color photograph (1 no.) | Account Opening cheque

Note: In case the customer does not visit the branch (Non Face to Face Case) to open these accounts then all photocopies of documents to be attested by customer himself and to be attested by Indian Embassy or by Notary or by Banker overseas.

Investment Guidlines

Based on what you want to invest in, you can Select From these Routes

What to
invest in

For buying and selling Shares

For Investing in Mutual Funds and IPOs

For trading in F&Os (Futures and Options) and in shares acquired as an Indian Resident

How to
invest

Investing with PIS

Investing with NRI Account

Investing with NRO Account

Type of
Bank
Account

NRE-PIS (Repatriable)

NRE-PIS (Repatriable)

NRI Saving A/c (Repatriable)

NRI Saving A/c (Non-Repatriable

NRO Saving A/c (Non-Repatriable)

FAQs

Who is an NRI?
An NRI is an Indian citizen who stays outside India. For the purpose of employment, business or vocation, or Under circumstances indicating an intention to stay outside India for an uncertain duration, or Any Indian citizen posted outside India for a temporary period in connection with employment.
Who is a PIO?
A citizen of a foreign country (other than Pakistan and Bangladesh) is a PIO if;
(a) He/she at any time held an Indian passport, or
(b) He /she or either of his/her parents or any of the grandparents was citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955, or
(c) Spouse (not being a citizen of Pakistan or Bangladesh) of an Indian citizen or of (a) or (b)
Which are the broad schemes under which an NRI can make investments in the Indian Stock Market?
Broadly, NRIs may invest under the Portfolio Investment Scheme (buying through the secondary market) and through the Direct Subscription Route (Investments though IPOs).
What is PIS (Portfolio Investment Scheme)?
Portfolio Investment Scheme (PIS) is a scheme of the Reserve Bank of India (RBI) laid down in Schedule 3 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 under which the Non Resident Indians (NRIs) and Person of Indian Origin (PIOs) 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.
Why is PIS required for trading in Indian Capital Markets on fully repatriable basis?
For all the Indian companies or companies listed on Indian stock exchanges, there are certain limits of foreign investment, which are to be monitored under FEMA regulations. Any NRI or a PIO cannot invest more than 5% of the paid up equity capital in any Indian company.
What steps an NRI needs to take to start investing in the Indian stock Market?
An NRI should open a new bank account with designated bank branch, which is approved by RBI (Reserve Bank of India) for this purpose.
(a) He should apply for a general approval for investment in Indian Stock Market through his designated bank branch.
(b) He should open a Demat Account with a Depository Participant in India to hold his shares.
(c) He should register with a stock broker in India to execute his buy/sell orders on the stock exchange(s).
What are the different types of rupee accounts permitted to be maintained by NRI?
Two types of rupee accounts viz. Non Resident (external) Rupee Accounts (NRE) and Ordinary Rupee Accounts (NRO) are permitted to be maintained by NRIs. Funds in NRE Account are repatriable. NRO A/C.: A NRO bank account is an ordinary saving bank account opened for NRIs. This is why it is known as Non-Resident Ordinary account. The funds, standing to the credit of this account, cannot be repatriated outside India in foreign exchange, without prior permission of RBI. Interest, earned on these accounts, is, however, eligible for repatriation outside India, net of Indian taxes. The remittance of interest (net of taxes) will be permitted by the authorized dealer where the account is maintained, on an application in the prescribed form by the NRI. NRIs can open NRO account for transactions in rupees without any approval. NRO account can be maintained in the nature of current, savings, recurring or fixed deposit account. NRIs may also open this account jointly with residents. After the NRI returns to India permanently, this account can be again designated as a resident account. NRE A/C.: A NRE bank account is an external saving bank account opened for Non resident Indians. NRE account may be opened without any approval if the funds for this account are transferred in freely convertible foreign currency. The funds, standing to the credit of this account, as well as interest earned thereon, are repatriable outside India in free foreign exchange, without permission of the RBI. The interest income is not subject to Indian Income-tax. Credits to the accounts should be in the form of remittance in foreign exchange from outside India, as well as other funds, which are eligible to be remitted outside India, in free foreign exchange. Funds emanating from local sources are not eligible to be credited to these accounts, unless these funds are otherwise remittable outside India, in terms of the existing Exchange Control Regulations. NRIs may jointly open this account with another NRI. This account can be maintained in the form of saving or current or recurring or fixed deposit account.
Can money be transferred from NRE account to NRO account?
Yes. Money can be freely transferred from NRE account to NRO account.
Can money be transferred from NRO account to NRE account?
No. Money cannot be transferred from NRO account to NRE account. Even if money is transferred by error from NRE account to NRO account, it cannot be transferred back to NRE account.
Does an NRI need any RBI permission to open a Demat account?
No permission is required from RBI to open a Demat account. However, the designated authorized dealer ensures that securities have been received or delivered as per contract notes against payments/receipts made in the bank account.
If NRI/PIO desires to make investments under different schemes, can he hold all such securities in a single Demat account?
No. Securities received against investments under Foreign Direct Investment scheme (FDI) , Portfolio Investment scheme (PIS) and Scheme for Investment on non repatriation basis need to be credited into separate Demat accounts. Investment under PIS could be on repatriation (from NRE account) or on non repatriation basis (from NRO account). Investment under FDI scheme is on repatriation basis.
Are all NRIs eligible to trade in Derivatives?
Yes. All NRIs are eligible to trade in Derivatives through their NON PIS NRO account, subject to norms prescribed under FEMA and regulations of NSE, BSE and other regulatory bodies from time to time.
Can power of attorney holder manage portfolio on behalf of NRIs?
Yes. A power of attorney holder can manage portfolio on behalf of NRIs. However, he cannot affect remittance outside India. With internet trading, life of NRIs has become easy for portfolio investments.
Can NRIs avail of loan against such securities?
Yes. NRIs can borrow against shares or other securities. However, the loan should be utilized for meeting the borrowers personal requirements or for his own business purposes.
Can NRIs invest under portfolio investment scheme out of funds borrowed in India?
No, NRIs cannot invest borrowed funds in India.
Can NRIs sell prior to/without having the subject shares with them?
No. All transactions of sales and purchase must be delivery based. Speculative transactions are not allowed. However, NRIs are allowed to enter into forward contracts to hedge their investment made in India.

Contact Us

DELHI

Head Office
SMC Global Securities Ltd.
11/6B, Shanti Chamber
Pusa Road, New Delhi-110005
Phone : 91-11-25754371
Cell no. : +91- 9650988009
Email :nridesk@smcindiaonline.com

DUBAI

2404, 1 Lake Plaza Tower , Cluster T,
Jumeriah Lake Towers ,
PO Box 117210,
Dubai, UAE
Tel:+97145139780
Fax: +97145139781
Email :pankaj@smccomex.com

MUMBAI

SMC Global Securities Ltd.
Lotus Corporate Park,
A Wing 401 / 402 , 4th Floor ,
Graham Firth Steel Compound,
Off Western Express Highway,
Jay Coach Signal,
Goreagon (East), Mumbai - 400063
Phone: +912226141905

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