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We understand that you may want to invest in customized or focused offerings like Portfolio Management Services or PMSs, Private Equity, Real Estate Funds, Structured Products, etc. along with or apart from the standardized solutions offered by mutual funds for better diversification. Our investment specialists can refer you with range of such focused products to generate superior risk adjusted returns on your investments from various Asset Management Companies.
Kotak Mahindra Bank Ltd. offers only referral services in Portfolio Management Services or PMSs, Alternative Investment Funds or AIFs, and Structured Products.
Regulations regarding NRI Trading:
No, NRIs don’t require PINS account to sell shares, purchased in primary market (IPOs) on repatriable/non-repatriable basis.
Portfolio Investment Scheme (PINS) allows Non Resident Indians (NRIs) or Persons of Indian Origin (PIO) to invest in shares or convertible debentures (sale or purchase) of an Indian company in the secondary market on repatriation or non-repatriation basis through registered stock broker on a recognized stock exchange, subject to terms and conditions as specified in FEMA.
No, NRIs don’t require PINS account to sell shares, which were allotted as rights/bonus on the shares originally purchased from primary market (IPOS) on repatriable/non-repatriable basis.
NRI/PIO can appoint only one designated bank for the purpose of routing the transactions under PINS (Portfolio Investment Scheme is the permission that an NRI/PIO requires to trade in the Indian stock market. An NRI can have only one PINS account at any point in time).