How NRIs do Online Trading - Equity

Most of the reputable and registered brokers in India offer Online Trading facility in Equities for NRIs. Such Online NRI Trading Account opening involves the following:

1) Opening of Bank A/c with a PIS Designated Bank (DB).

2) Opening of Demat account with Broker.

3) Opening of Broking A/c with Broker.

What is a PIS Account?

PIS account (Mandatory for Indians living abroad): Portfolio Investment Scheme (PIS) allows NRIs to invest in shares of Indian companies, in secondary market, under repatriation or non-repatriation basis in respect of shares or convertible debentures sold or purchased through a registered stock broker on a recognized stock exchange. Any other modes of acquiring shares are not covered under this scheme ie, shares purchased through IPOs, as resident individuals, bonus shares etc.

What is a DMAT account?

Demat Account stands for a dematerialized account. The way one has to open a bank account if you want to park or save money; the very same way you need to open an online Demat Account for NRIs if you want to buy or sell stocks, and later save your stocks there in the Dmat Account. This Dmat happens to be maintained with a depository and is opened through a DP - Depositary Participant. At NriInvestIndia.com we specifically help NRIs, PIOs & OCIs to open a Online Dmat account in India. What is a Broking/Trading Account: Trading account is nothing but an account opened with a stock brokers, that would enable you to buy and sell shares or any other financial instruments through them.

NRI Mutual fund investment in India can be done in 2 different ways.

Categorically speaking:
1. Investments via using Power of Attorney.

2. Investments without power of attorney.

In general NRIs can invest into all major mutual funds like: Kotak Mutual Fund Franklin Templeton India Mutual Fund Birla Sunlife Mutual Fund Prudential ICICI Mutual Fund HDFC Mutual Fund TATA Mutual Fund Sundaram Mutual Fund Cholamandalam Mutual Fund Standard Chartered Mutual Fund DSP Mutual Fund Principal Mutual Fund SBI Mutual Fund Reliance Mutual Fund Deutsche Mutual Fund ABN AMRO Mutual Fund J M Financial Mutual Fund ING Vysya Optimix HSBC Mutual fund Fidelity AMC.

About the Author

Myself Aditya Sharma (Sr.Investment Advisor), and I work for a NRI Investment company (www.NriInvestIndia.com) that helps NRIs, PIOs and OCIs to invest in India's top mutual funds.

Here at NriInvestIndia.com we focus in delivering value service to our NRI clients when it comes to their investments in the Indian stock markets - NSE & BSE.

What is a Demat Account & How to get one in India..!

What is a Demat Account?

Demat is shortened from Dematerialized account. Just as if you need a bank account for savings or making transactions, you would need a Demat account when you are buying and/or selling stocks and shares. A Demat account holds the lists of your stocks and shares electronically.

Obtaining and working an Account

With any registered depository participant (DP), a Demat account can be opened. You can see the NSDL and CDSL websites if you need a list of registered DPs. After you have picked your DP, complete the following steps:


* Fill out the form for opening an account.

* An agreement with the DP needs to be signed

* You need to submit proof of your identity and address,

When the account is up and running, the DP will provide you with a Beneficial Owner Identification (BO ID) that you will use when making transactions. When you sell shares, give the DP all delivery information, then your Demat account will be debited and payment for the transaction will be made via a broker or bank. You will need the BO ID while buying shares and placing orders for the shares. The DP will then credit your account with the shares.

Statements of your stock holdings and transactions will be given by the DP. The charges for opening and having the account depend on the DP that you choose. An idea of comparative rates can be seen at the NSDL and CDSL websites.

The Indian stock market is moving upward day by day, with short/long term investments having extraordinary growth opportunities. You can truly benefit from the current stock market upsurges and build a good portfolio with a Demat account.

NRIs / PIOs and Demat accounts: Non-Resident Indians who have invested in Indian companies or would like to, need to open a Demat Account. There are many reputed brokers in India that assit NRIs & PIOs like: Geojit.com, NriInvestIndia.com, HDFC.com & ICICI.com is a global leader in providing services needed to invest for NRIs. You can look at your Demat Account details and print a statement of the transactions and holdings from everywhere in the world.

About the Author

Myself Aditya Sharma (Sr.Investment Advisor), and I work for a NRI Investment company (NriInvestIndia.com) that helps NRIs, PIOs and OCIs to invest in India's top mutual funds.

Here at NriInvestIndia.com we focus in delivering value service to our NRI clients when it comes to their investments in the Indian stock markets - NSE & BSE.