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.
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, PINS account is mandatory only once the transactions are routed through secondary market. In case of purchase of shares in primary market on repatriation basis, the application money can be paid through NRE accounts or inward remittance through normal banking channel.
No, PINS account is mandatory only once the transactions are routed through secondary market. In case of purchase of shares in primary market on non-repatriation basis, the application money can be paid through NRE/NRO accounts or inward remittance through normal banking channel.
No, NRIs don’t require PINS account to sell shares, purchased in primary market (IPOs) on repatriable/non-repatriable basis.
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.
The shares purchased in primary/secondary market as resident Indian will be held on non-repatriable basis. On becoming NRI, the customer has to open a non-repatriable demat account and transfer all the shares bought and held from resident demat account.
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).
Yes, there is a limit for investment in shares/convertible debentures by an NRI in the secondary market.
Regulations regarding NRI Trading: