Business Standard

In a move towards lighter-touch regime, 80% FPIs classified as Category-I

Prior to the reclassification, less than 3% of the FPIs were part of Category-I and more than four-fifths were part of Category-II.

FPIs throw their weight behind financials and technology stocks in Q1
Premium

Ashley Coutinho Mumbai
Nearly 80 per cent of foreign portfolio investors (FPIs) have been classified as Category-I, hinting at a far more liberalised regime for these investors. This may mean easier access, simplified know-your-customer (KYC) and documentation requirements, and fewer investment restrictions for a majority of FPIs, especially broad-based funds and pooled vehicles that were earlier part of Category-II. Prior to the reclassification, less than 3 per cent of the FPIs were part of Category-I and more than four-fifths were part of Category-II. About 13 per cent of the funds were classified as Category-III. 

FPIs in Category-II will not be able to subscribe

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 30 2019 | 9:38 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com