With the Indian financial market growing exponentially, it makes an attractive proposition for foreign individuals to invest in the Indian capital markets.
Through our Qualified Foreign Investor programme, we offer all the services a foreign individual may need to ensure a smooth and worry-free investment experience.
Who is a Qualified Foreign Investor (QFI)
QFI shall mean a person who fulfills the below criteria:
- Resident in a country that’s a member of the Financial Action Task Force (FATF) or a country which is member of a group that is a member of the FATF
- Resident in a country that is a signatory to IOSCO’s MMOU (Appendix A signatories) or a signatory of a bilateral MOU with the Securities and Exchange Board of India
This is provided that the person is not a resident in a country listed in the public statements issued by FATF from time to time on
- Jurisdictions having a strategic Anti-Money Laundering/Combating the financing of Terrorism deficiencies to which counter measures apply
- Jurisdictions that have not made sufficient progress in addressing the deficiencies or have not committed to an action plan developed with FATF to address such deficiencies
Residents of the following countries shall be eligible to invest as a QFI as per the definition mentioned above*
| Australia |
Greece |
Poland |
| Austria |
Hong Kong |
Portugal |
| Bahrain |
Hungary |
Romania |
| Belgium |
Iceland |
Russia |
| Brazil |
Italy |
Saudi Arabia |
| Bulgaria |
Japan |
Singapore |
| Canada |
Republic Of Korea |
Slovakia |
| China |
Lithuania |
Slovenia |
| Cyprus |
Luxembourg |
South Africa |
| Czech Republic |
Malta |
Spain |
| Denmark |
Mexico |
Sweden |
| Estonia |
Netherlands |
Switzerland |
| Finland |
New Zealand |
UAE |
| France |
Norway |
United Kingdom |
| Germany |
Oman |
USA |
*Please note that the list is subject to change
A QFI should neither be a person resident in India nor should be registered with the SEBI as a Foreign Institutional Investor, sub-account or Foreign Venture Capital Investor A QFI should be set up with a SEBI registered Qualified Depository Participant to commence activities. The QDP shall provide inter alia custody services
