Investment for Qualified Foreign Investors by Kotak Mahindra Bank

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Qualified Foreign Investor - Kotak Mahindra Bank

With the Indian financial market growing exponentially, it makes an attractive proposition for foreign individuals to invest in the Indian capital markets.

Through our Qualified Foreign Investor programme, we offer all the services a foreign individual may need to ensure a smooth and worry-free investment experience.

Who is a Qualified Foreign Investor (QFI)

QFI shall mean a person who fulfills the below criteria:

Resident in a country that’s a member of the Financial Action Task Force (FATF) or a country which is member of a group that is a member of the FATF
Resident in a country that is a signatory to IOSCO’s MMOU (Appendix A signatories) or a signatory of a bilateral MOU with the Securities and Exchange Board of India

This is provided that the person is not a resident in a country listed in the public statements issued by FATF from time to time on

Jurisdictions having a strategic Anti-Money Laundering/Combating the financing of Terrorism deficiencies to which counter measures apply
Jurisdictions that have not made sufficient progress in addressing the deficiencies or have not committed to an action plan developed with FATF to address such deficiencies

Residents of the following countries shall be eligible to invest as a QFI as per the definition mentioned above*

Australia	Greece	Poland
Austria	Hong Kong	Portugal
Bahrain	Hungary	Romania
Belgium	Iceland	Russia
Brazil	Italy	Saudi Arabia
Bulgaria	Japan	Singapore
Canada	Republic Of Korea	Slovakia
China	Lithuania	Slovenia
Cyprus	Luxembourg	South Africa
Czech Republic	Malta	Spain
Denmark	Mexico	Sweden
Estonia	Netherlands	Switzerland
Finland	New Zealand	UAE
France	Norway	United Kingdom
Germany	Oman	USA

*Please note that the list is subject to change

A QFI should neither be a person resident in India nor should be registered with the SEBI as a Foreign Institutional Investor, sub-account or Foreign Venture Capital Investor A QFI should be set up with a SEBI registered Qualified Depository Participant to commence activities. The QDP shall provide inter alia custody services

Qualified Foreign Investor

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