Can an NRI trade in Derivatives?

[tasmi]

hi
I am an nri looking to open an online trading account.As i understand, nris r allowed to invest only thru PIS(potifolio investment scheme) which has several restrictions like no intraday trading , restriction on the companies we can invest in and also derivatives. But i have got a lot of contradicting info about trading in derivatives.
My question is
Can a nri investor trade in derivatives like futures and options?

Any feedback would be really appreciated
thanks

 

[hsarora47]

Re: can an nri trade in derivatives

no sir. nris cant trade in derivatives in india

 

[peru]

Re: can an nri trade in derivatives

Yes, You can do , provided non repatriable basis.

 

[rajmish32]

Re: can an nri trade in derivatives

wats non repatriable basis

 

[niranjan190]

Re: can an nri trade in derivatives

Non Repatriable means, the money invested in the india can't be taken out of country.
whereas Repatriable means you can take back the money to your country.

Coming to NRI trade in derivaties, neither ICICI nor Geogit allow you to do so.
I think Networthstock allows you to do on non-repatriable basis.

Here is the link about their charges

http://networthstock.com/charges.aspx#

In some of the threads you can find about networthstock.

 

[ADRIANPINTO]

Re: can an nri trade in derivatives

Non Repatriable means, the money invested in the india can't be taken out of country.
whereas Repatriable means you can take back the money to your country.

Coming to NRI trade in derivaties, neither ICICI nor Geogit allow you to do so.
I think Networthstock allows you to do on non-repatriable basis.

Here is the link about their charges

http://networthstock.com/charges.aspx#

In some of the threads you can find about networthstock.

Another good broker is "navia". Go to naviamarkets.com You can then open account in UTI bank and trade. Of course on a non repatriable basis.

 

[rajmish32]

Re: can an nri trade in derivatives

Non Repatriable means, the money invested in the india can't be taken out of country.
whereas Repatriable means you can take back the money to your country.

Coming to NRI trade in derivaties, neither ICICI nor Geogit allow you to do so.
I think Networthstock allows you to do on non-repatriable basis.

Here is the link about their charges

http://networthstock.com/charges.aspx#

In some of the threads you can find about networthstock.

can a foriegner invest in india by himself , instead of by FII'S ?

if yes how .
if not , then why not

 

[kumarananda]

Re: can an nri trade in derivatives

You can invest in derivatives through NRO account and it is non repatriable basis.

However upto USD 200,000 can be repatriated for foreign investment by submitting necessary documents to the government

 

[bachak]

Re: can an nri trade in derivatives

I had opened ICICI trading account 2 yrs back in India..
I have PAN..
From last 1.5 yrs I am in USA..
Can I trade through ICICI direct ?

 

[pajusa]

Hello bachak,

did you get your question answered?