Categories of foreign portfolio investor

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....ny other category as may be specified by the Board from time to time: (a) "Category I foreign portfolio investor" which shall include Government and Government related investors such as central banks, Governmental agencies, sovereign wealth funds and international or multilateral organizations or agencies; ^4[Explanation: A "government agency" shall mean an entity in which more than 75% of o....

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....ble for all acts of commission and omission of all its underlying broad based funds and other deeds and things done by such broad based funds under these regulations. (iv) university funds and pension funds; and (v) university related endowments already registered with the Board as foreign institutional investors or sub-accounts. Explanation 1.-For the purposes of this clause, an applican....

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.... ^2[Provided further that if a foreign portfolio investor has a Bank, Sovereign Wealth Fund, Insurance/ Reinsurance company or a Pension Fund as its institutional investor, then such an applicant shall be deemed to be broad based subject to the condition that such institutional investor(s) shall, jointly or separately, hold more than fifty percent of the shares or units of the fund in the a....

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....will not result in immediate loss of Category II status of such fund. Such fund may regain broad based status within a period of 90 days, failing which, the fund shall be appropriately recategorised.] (c) "Category III foreign portfolio investor" which shall include all others not eligible under Category I and II foreign portfolio investors such as endowments, charitable societies, charitable t....