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Who is a Non-Resident Indian (NRI)?
A non-resident Indian (NRI) is an Indian citizen or a person of Indian origin who stays abroad for employment, business or vocation outside India, or stays abroad under circumstances indicating an uncertain duration.

Who is a Person of Indian Origin (PIO)?
A Person of Indian Origin means a citizen of any country (other than Bangladesh or Pakistan), if the person: (a) at any time held an Indian passport; or (b) or the persons parents or grandparents were citizens of India; or (c) is a spouse of an Indian citizen, or of a person referred to in (a) or (b) above.

Other terms with vaguely the same meaning are overseas Indian and expatriate Indian. In common usage, this often includes Indian-born individuals (and also people of other nations with Indian ancestry) who have taken the citizenship of other countries.

According to Ministry of Overseas Indian Affairs, India has the second largest diaspora in the world after Overseas Chinese . The overseas Indian community estimated at over 25 million is spread across every major region in the world.

Who is a Foreign Institutional Investor (FII)?
An FII is an institution established or incorporated outside India which proposes to invest in Indian securities and is registered with SEBI.

Who is an Overseas Corporate Body (OCB) ?
An OCB includes overseas companies, partnership firms, societies and other corporate bodies owned predominantly by non-resident persons of Indian nationality or origin outside India.

Can an NRI maintain a bank account in India?
Yes. NRIs can maintain accounts in rupees as well as in foreign currency.

What types of rupee accounts may NRIs maintain?
There are 4 types:
1. Non-resident (External) Rupee Accounts (NRE)
2. Non-Resident (Special) Rupee (NRSR) Account
3. Ordinary Non-resident Rupee Accounts (NRO)
4. Non-resident (Non-repatriable) Rupee deposit accounts (NRNR)

What are NRE, NRO and FCNR accounts?
Non-Resident (External) Rupee (NRE). This is a Rupee account from which funds are freely repatriable. It can be opened with either funds remitted from abroad or local funds which can be remitted abroad.

Non-Resident Ordinary Rupee (NRO). This is a Rupee account and can be opened with funds either remitted from abroad or generated in India. These funds are non-repatriable. However, under certain circumstances, these are allowed to be repatriated.

Fully Convertible Non-Resident Rupee (FCNR). This account is similar to the NRE account except that the funds are held in foreign currencies and can be maintained in Pound Sterling,U.S. Dollar, Euro and Japanese Yen. FCNR accounts can be maintained only in the form of term deposits, i.e. a deposit kept for fixed periods ranging from 6 months to 3 years.

How do NRE, NRO and NRSR accounts differ?
Balances held in NRE accounts can be repatriated abroad freely, whereas funds in NRSR and NRO account cannot be normally remitted abroad but have to be used only for local payments in rupees. Consequently, funds remitted from abroad or local funds which can otherwise be remitted abroad to the accountholder can only be credited to NRE accounts

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Harsha Upadhyaya The expert believes that it would be prudent to tilt the portfolio towards largecaps, where valuations are slightly better.
Mon, 22 Jan 2018 11:01:26 +0530


Sunil Subramaniam In an interview with CNBC-TV18, Sunil Subramaniam, CEO of Sundaram Mutual Fund discussed the mutual fund (MF) industry wish-list and their expectations from Budget 2018.
Thu, 18 Jan 2018 14:56:59 +0530


Bill Maldonado The one thing they like about investing in India is the prudent manner in which the economy has been managed by the government and the RBI, said Bill Maldonado of HSBC Global AMC.
Fri, 12 Jan 2018 15:50:33 +0530


S Krishna Kumar The overall market is factoring in a lot of positive news, said S Krishna Kumar. Cues such as India being fastest-growing economy going ahead along with swelling order books of EPC firms are working well.
Thu, 11 Jan 2018 10:28:56 +0530


Ajay Tyagi In an interview with CNBC-TV18, Ajay Tyagi, EVP Fund Manager, UTI Mutual Fund discussed fundamentals of the market.
Mon, 08 Jan 2018 12:46:31 +0530


Sailesh Raj Bhan Fund flows in December may have slowed but 2017 flows overall have been at record levels that is flows coming from retail investors to mutual funds. In an interview to CNBC-TV18, Sailesh Raj Bhan, Deputy CIO-Equity Investment at Reliance Mutual Fund shared his views and readings on this extraordinary trend of 2017 and will the same continue in 2018.
Fri, 05 Jan 2018 11:59:28 +0530


Tushar Pradhan Speaking on valuation issues, Tushar Pradhan highlighted that they did move higher last year and PE expansion also contributed to returns from the market.
Thu, 04 Jan 2018 11:00:16 +0530


Sunil Subramaniam Watch the interview of Sunil Subramaniam, CEO at Sundaram Mutual Fund with Prashant Nair and Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Wed, 03 Jan 2018 11:52:11 +0530


Swati Kulkarni Watch the interview of Swati Kulkarni, Executive Vice President and Fund Manager at UTI MF with Sonia Shenoy and Ekta Batra on CNBC-TV18, in which she shared her readings and outlook on the fundamentals of the market, and specific stocks and sectors.
Fri, 29 Dec 2017 12:11:24 +0530


Manish Sonthalia Manish Sonthalia expects the taxation to return to equity given the lower GST collections along with economic scenario.
Wed, 27 Dec 2017 11:51:34 +0530


Gaurav Mehta In the fund there are several consumer names both from the staples basket as well from the discretionary basket, said Gaurav Mehta, Fund Manager,Ambit Asset Management.
Fri, 22 Dec 2017 16:31:17 +0530


Here#39;s a fundamental view on the market from Motilal Oswal#39;s Gautam Sinha Roy Watch the interview of Gautam Sinha Roy of Motilal Oswal Mutual Fund with CNBC-TV18#39;s Ekta Batra and Surabhi Upadhyay where he shared his readings and outlook on the fundamentals of the market and specific stocks and sectors.
Fri, 22 Dec 2017 12:01:08 +0530


Mutual Fund Day: Financial planning tips for young professionals On CNBC-TV18#39;s special show Mutual Fund Day, watch the interview of Sailesh Raj Bhan, Deputy CIO Reliance Mutual Fund and Harsh Roongta, Independent Financial Advisor where they shared financial planning tips for young professionals.
Thu, 21 Dec 2017 19:01:55 +0530


Mahesh Patil Overall, he expects auto and cement names to show growth in earnings. For the second half of this fiscal too he expects good earnings trends.
Thu, 21 Dec 2017 11:44:51 +0530


Lalit Nambiar Watch the interview of Lalit Nambiar, EVP - Fund Manager Head of Research at UTI MF with Prashant Nair and Ekta Batra of CNBC-TV18, where he shared his readings and outlook on the fundamentals of the market, and specific stocks and sectors.
Fri, 15 Dec 2017 12:26:46 +0530


Bumper debut! Apollo Micro Systems lists 74% higher at Rs 478 The company#39;s Rs 156-crore IPO saw huge oversubscription of 248.51 times between January 10 and January 12.
Mon, 22 Jan 2018 10:01:29 +0530


Apollo Micro Systems to debut on bourses on January 22 Considering the market#39;s strong momentum and that the issue was met with a phenomenal response from investors, the listing price premium could be around Rs 200 per share over the IPO price
Sat, 20 Jan 2018 19:07:31 +0530


Amber Enterprises IPO oversubscribed 165 times on final day The air conditioner manufacturer’s IPO received bids for 1.99 crore shares against an issue size of 49 .27 lakh, data available with the NSE as of 11:50 am showed.
Fri, 19 Jan 2018 11:53:32 +0530


Newgen IPO Update: Issue subscribed 3.3 times on last day so far The issue has received bids for 1.34 crore shares against the total issue size of over 1.22 crore scrips, data available with the NSE as of 11 am showed on Thursday.
Thu, 18 Jan 2018 11:14:46 +0530


Amber Enterprises IPO fully subscribed on first day The company had raised Rs 179 crore from anchor investors yesterday.
Wed, 17 Jan 2018 18:47:33 +0530


RITES files papers with Sebi to raise Rs 600 cr via IPO Incorporated by the railways ministry, the company provides transport consultancy and engineering services.
Wed, 17 Jan 2018 15:37:35 +0530


Subscribe for long term to Amber Enterprises India : SPA Research SPA Research has come out with its report on Amber Enterprises India IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on January 17, 2018
Wed, 17 Jan 2018 13:26:39 +0530


Amber Enterprises IPO opens today. Should you subscribe to the issue? Brokerage houses largely recommend subscribing to the issue, citing reasonable valuations as well as that of having a good track record.
Wed, 17 Jan 2018 08:41:05 +0530


Subscribe to CRP Risk Management: Investment Imperative Investment Imperative has come out in its Report on CRP Risk Management IPO as on January 16, 2018
Tue, 16 Jan 2018 13:24:28 +0530


Galaxy Surfactants gets Sebi#39;s go-ahead to float IPO The company had filed its draft papers with Securities and Exchange Board of India (Sebi) in November last year and obtained #39;observations#39; from the regulator on January 12, 2018, the latest update with markets watchdog showed.
Tue, 16 Jan 2018 12:45:34 +0530


Newgen Software IPO opens today. Should you subscribe? The issue price has been set in the range of Rs 240-245 apiece and the company plans to raise around Rs 450 crore.
Mon, 15 Jan 2018 17:39:53 +0530


Subscribe to Amber Enterprises India : HEM Securities HEM Securities has come out with its report on Amber Enterprises India IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on January 15, 2018
Mon, 15 Jan 2018 17:05:50 +0530


Subscribe to Amber Enterprises India : HEM Securities HEM Securities has come out with its report on Amber Enterprises India IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on January 15, 2018
Mon, 15 Jan 2018 17:05:50 +0530


Subscribe to Newgen Software Technologies : HEM Securities HEM Securities has come out with its report on Newgen Softwaee technologies IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on January 15, 2018
Mon, 15 Jan 2018 16:55:08 +0530


Subscribe to Newgen Software Technologies : SSJ Finance SSJ Finance and securities has come out with its report on Newgen Software Technologies IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on January 15, 2018.
Mon, 15 Jan 2018 16:46:07 +0530