QFI (Qualified Foreign Investor) is a person who is non-resident investors, other than SEBI registered FIIs and SEBI registered FVCIs, who meet the KYC requirements of SEBI. QFI can be an individuals, groups or associations
Growth story of India has attracted many foreign investors in recent years; Govt of India is also taken steps to liberalize the investment route for foreign investors for their direct exposure to Indian Equity market. They have initiated the step in the budget 2011-12 announcement and allowed QFIs to invest in rupee denominated units of domestic Mutual Funds. Further in Jan2012 Government of India issued a press note, and opened the window for Qualified Foreign Investors (QFIs) to directly invest in the equity shares market of India. It will be beneficial for small individual foreign investors, Pension funds, corporate and other parties who earlier use to go for hectic process of Institutional Investment (FII/FVCI) / sub account route or FDI route.
Reliance Securities has started a Welcome to India campaign for all eligible QFIs for making the investments easy in Indian Equity Market. Reliance Securities as a Qualified Depository Participant (QDP) will introduce you to the Indian Equity Market & regulations by his extensive research and experience.
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This is with reference to your dealings with us as a client and pursuant to SEBI circular bearing reference number MIRSD/SE/Cir-19/2009 dated Dec 3, 2009 read with NSE circular bearing reference number NSE/INSP/2010/91 dated Feb 3, 2010 and BSE circular bearing reference number 20100203-30 dated Feb 3, 2010, whereby SEBI / Exchange(s) has specified norms for regulation of transactions between the Client and the Stock Broker which has the effect of modifying the procedures governing our business dealings as well as Know Your Client (KYC) executed between us.
In order to comply with the requirements of the said circular, you are requested to furnish the following information which shall be the addendum to the existing Account opening Form executed between us:
The above information has been incorporated in the annexure for SEBI compliance to this letter which you are required to fill, sign and send the same to us on an urgent basis either to the nearest branch or by post at :-
If you have any query regarding the new change, please feel free to call our Customer Care on 3988 6000 or write to us at [email protected]. Alternatively, please walk in to your nearest Reliance Securities Branch for further assistance.
Reliance Securities Limited Professional Management Consultants, 108 & 109, Murugesa Naicker Complex Greams Road Chennai – 600006,Tamilnadu.
Kindly ensure that the above documents reach us latest by 31st May, 2010 to comply with the SEBI circular, failing which your account will be marked as Inactive for trading.
Thanking You,
Yours faithfully, For Reliance Securities Limited
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