In Inves estment ment Opp ppor ortu tunity nity fo for Qua uali lifie fied d For orei eign gn In Inves estors tors in in In Indi dia Pr Presente nted d By By: Pr Pratib ibhu huti ti
In 2012, the Indian Government allowed investments by Foreign Nationals in the Indian Equity and Debt Markets. Previously this was allowed only for certain registered Corporate Entities and Indian Nationals residing overseas. Now Individuals in over 40 countries can invest into Indian Equity and Debt Markets in their individual capacities, and also set up corporations to invest on their behalf. The Rules and regulations governing such investments have been notified and such investments have already started. Pratibhuti and Infrastructure Leasing & Financial Services Limited (ISSL) have tied up to provide QFI’s an efficient and safe channel to access the Indian Markets. Pratibhuti Viniyog Limited – Stock Broker. ISSL - Local Custodian and Depository Participant.
India is among the fastest growing economies in the world and is an attractive investment destination: ◦ Banks and financial markets are extremely robust and well regulated by proactive regulators ◦ No issues such as the subprime crises have hit Indian shores ◦ Deep capital markets with aggregate volumes on exchanges amongst the highest in the world ◦ Multiple stock exchanges which have the highest number of listed companies in the world ◦ Well developed derivative markets ◦ Double taxation avoidance treaty for investors from all eligible countries
Qualified Foreign Investor (QFI) is an Individual / Company or any other Judicial Entity who fulfils the following criteria: ◦ Resident in a country that is a member of FATF, or a member of a group which is a member of FATF ◦ Resident in a country that is a signatory to IOSCO’s MMOU, or a signatory to a bilateral MOU with SEBI ◦ Not registered with SEBI as a Foreign Institutional Investor (FII), or a sub- account of a FII or Foreign Venture Capital Investor (FVCI), or Non Resident Indian (NRI) ◦ Not forming a part of the Al-Qaida sanctions list published by the Un Security Council Committee ◦ Not a resident in India
Australia Hungary Russia Austria Iceland Saudi Arabia Belgium Italy Singapore Brazil Japan Slovenia Bulgaria Luxembourg South Africa Canada Malta South Korea China Mexico Spain Cyprus Netherlands Sweden Czech Republic New Zealand Switzerland Denmark Norway United Arab Emirates Finland Oman United Kingdom France Poland United States of America Germany Portugal Greece Romania
Category Transaction Types Equity Shares Primary Market (IPOs, FPOs) Secondary Market (through Regd Brokers, Pratibhuti) Corporate Actions (Rights, Bonus, Buy-backs, Splits, Consolidation, Amalgamations, Demergers, Mergers, Open Offers) Benefits (Dividend) Mutual Funds – Equity and Purchase/ Subscription (demat route only) Debt oriented (minimum 25% in Redemption Infrastructure funds) Benefits (Dividend) Debt Securities – NCDs, Primary Market (To be listed – Public Issues) Corporate Bonds, listed Debt Secondary Market (listed on Indian Stock Exchanges) MF Schemes Corporate Actions (Interest, Buy-backs, Redemptions) QFIs have been permitted to hedge their currency risk on the OTC market
• Client online registration with ISSL, client to download and fill in forms, affix photographs and sign the forms Client • Client to arrange docs to be Notarized / Consularized / Attested by a Registration Competent Authority and setting • Client to provide such documents to ISSL and Pratibhuti up of Demat, Bank, and • ISSL to arrange for PAN Card Trading • ISSL to set up depository (demat) account accounts • Local Bank Account through ISSL • Client Registration with Pratibhuti for Trading account
QFI Overseas QFI Bank A/c 6 . Trade confirmation 2. Trade instruction 1. Transfer funds ILFS QFI Local Rupee QFI Local Bank A/c Demat A/c 5. Trade confirmation 3 . Trade instruction Pratibhuti 7. Funds transfer 4 . Trade execution and confirmation 9. Equity 8. Equity and ILFS Pool Demat Transfer funds Transfer Stock Exchange and Bank A/c
The starting paperwork, agreements and account opening with Pratibhuti, ISSL, Bank Account, DP Account & PAN Card Form – though lengthy, is a one time process. ISSL will be the main orchestrating agency between Broker, Local Bank and the QFI – enabling the QFI to maintain a one point contact with the Custodian (ISSL). Incase the QFI desires, the QFI can also be in contact with the local stock broker (Pratibhuti). The Indian Exchange Mechanism delinks Trading from Settlements. Hence ISSL directly receives/makes payments/shares from the Exchange Clearing House – eliminating Third Party Risk. Neither Pratibhuti nor ISSL place a cap on the minimum or maximum order value. Both entities are governed by the Securities & Exchange Board of India – Indian Regulator
Started in 1994 in Mumbai as an Institutional Equity Brokerage House, Members with BSE & NSE, Cash & Derivative Segments.. Professionally managed by highly qualified and experienced professionals with vast exposure to the financial markets. Modern offices spread over 3 locations viz., 2 in Mumbai and 1 in Dubai, encompassing separate functions for the company, also offering online trading platform via www.pratibhuti.com. In-house research firm, Ideas1st Research providing detailed research on various sectors and companies Empanelled as Equity Brokers with over 30 Institutions including LIC Pension fund, SBI Life Insurance amongst others. Servicing approximately 1750 NRI clients from Middle East, Far East, Europe & USA for investing in the Indian Equity Markets. Catering over 500 Retail and High Net worth individual residing in India.
Registered Office: Address: 15B, 3 rd Floor, 28 Rajabahadur Mansion, Samachar Marg, Fort, Mumbai – 400 001 Call: +91 22 6148 5300 Dealing Office: Address : 11, Raheja Centre, Gr. Floor, Free Press Journal Marg, Nariman Point, Mumbai – 400 021 Call: +91 22 6148 5700 Dubai Branch Office: Address : G07, Ground Floor, Bldg. No. 2, Dubai Internet City, Post Box: 500 186, Dubai, U.A.E Call: +971 439 15200 E-mail : onlinehelp@pratibhuti.com Website: www.pratibhuti.com
Relentlessly working towards creating wealth for our customers.
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