The centre today permitted a new category of qualified foreign investors (QFIs) to invest upto $13 billionin equity ant debt schemes of Mutual Funds.
In context to the abov statement can anyone explain what "Equity and debt schemes" means and what is the exat diff btw QFIs and FIIs and what is the role of QFIs !!
QFI is an individual, group or association, resident in a foreign country that is compliant with Financial Action Task Force (FATF) standard and that is a signatory to International Organization of Securities Commission's Multilateral Memorandum of Understanding.
QFIs do not include Foreign Institutional Investors or Sub-accounts as these are already permitted to invest in Equity and Debt markets in India as per the extant guidelines of SEBI and RBI.
QFI is yet another tool to promote foreign investment in Indian capital market (MFs, equity schemes), extending the scope to those who are not registered with SEBI. The cap is now 13$b, increased from 10$b.
Though they are unregistered with SEBI, they have to follow the KYC (Know Your Customer) guidelines of SEBI to be able to enjoy this scheme.
In context to the abov statement can anyone explain what "Equity and debt schemes" means and what is the exat diff btw QFIs and FIIs and what is the role of QFIs !!
QFI is an individual, group or association, resident in a foreign country that is compliant with Financial Action Task Force (FATF) standard and that is a signatory to International Organization of Securities Commission's Multilateral Memorandum of Understanding.
QFIs do not include Foreign Institutional Investors or Sub-accounts as these are already permitted to invest in Equity and Debt markets in India as per the extant guidelines of SEBI and RBI.
QFI is yet another tool to promote foreign investment in Indian capital market (MFs, equity schemes), extending the scope to those who are not registered with SEBI. The cap is now 13$b, increased from 10$b.
Though they are unregistered with SEBI, they have to follow the KYC (Know Your Customer) guidelines of SEBI to be able to enjoy this scheme.
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