Eligibility criteria of foreign portfolio investor

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....t to the following conditions: i. the contribution of a single non-resident Indian or overseas citizen of India or resident Indian individual shall be below twenty-five percent of the total contribution in the corpus of the applicant; ii. the aggregate contribution of non-resident Indians, overseas citizens of India and resident Indian individuals in the corpus of the applicant shall be below fifty percent of the total contribution in the corpus of the applicant; iii. the contribution of resident Indian individuals shall be made through the Liberalised Remittance Scheme notified by the Reserve Bank of India and shall be in global funds whose Indian exposure is less than fifty percent; iv. the non-resident Indians, overseas citizens ....

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....al Financial Services Centres and regulated by the International Financial Services Centres Authority; ii. such resident Indian, other than individuals, is a 11[fund management entity or its associate] of the applicant; and iii. the contribution of such resident Indian, other than individuals, shall be up to- a. 12[10% of the corpus of the applicant in case the applicant is an Alternative Investment Fund; or] b. 13[10% of the Assets under Management in case the applicant is a Retail scheme;]] 14[Explanation - 'fund management entity' and 'associate' shall have the meaning as provided under International Financial Services Centres Authority (Fund Management) Regulations, 2025 as amended from time to time.] 15[Provided furthe....

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....s; (f) the applicant or its underlying investors contributing 4[more than the threshold prescribed under sub-rule (3) of rule 9 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005] in the corpus of the applicant or identified on the basis of control, shall not be the person(s) mentioned in the Sanctions List notified from time to time by the United Nations Security Council and is not a resident in the country identified in the public statement of Financial Action Task Force as - (i) a jurisdiction having a strategic Anti-Money Laundering or Combating the Financing of Terrorism deficiencies to which counter measures apply; or (ii) a jurisdiction that has not made sufficient progress in addressing the deficiencies....

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....RO/GN/2025/254 dated 11-08-2025 (shall come into force on the one hundred eightieth day from the date of publication of these regulations in the Official Gazette) 8. Inserted vide F. No. SEBI/LAD-NRO/GN/2025/254 dated 11-08-2025 (shall come into force on the one hundred eightieth day from the date of publication of these regulations in the Official Gazette) 9.  Inserted vide Notification No. SEBI/LAD-NRO/GN/2025/279 dated 01-12-2025 w.e.f. 01-12-2025 10.  Inserted vide Notification No. SEBI/LAD-NRO/GN/2025/279 dated 01-12-2025 w.e.f. 01-12-2025 11.  Substituted vide Notification No. SEBI/LAD-NRO/GN/2025/279 dated 01-12-2025 w.e.f. 01-12-2025 before it was read as....