US Investor buying Indian Equites

[Packer16]

Does anyone know of a way that a non-Indian can buy Indian equities?  From what I have seen online, buying individual securities is not allowed for non-Indian US investors.  TIA

 

Packer

[sampr01]

Hi Packer,

 

I heard samething too. If you don't mind, What are the securities are you looking at?.

 

thanks

[investor-man]

I believe you can, though I have not done it. I saw this discussion on Red's site:

 

http://quinzedix.blogspot.com/2013/08/portfolio-update_28.html?showComment=1381363056887#c4386175631022770170

 

relevant links from the comments:

 

http://investindia.kotak.com/qualified-foreign-investor

http://www.kotaksecurities.com/faqs/foreign-investment-basics.html

 

HTH

 

 

[OracleofCarolina]

Well I just watched the latest Pabrai  video and the Jammu & Kashmir bank sounds pretty good. I don't have the ability to buy at my broker though.

[wisdom]

I do not think individuals can. Institutions maybe able buy if they invest via Mauritius - I could be wrong.

[sampr01]

Do you have a link to the video. I am interested JK Bank. Thanks

Well I just watched the latest Pabrai  video and the Jammu & Kashmir bank sounds pretty good. I don't have the ability to buy at my broker though.

[LC]

JK Bank does look interesting, thanks for bringing it up. Will suggest to some of my Indian friends.

[sampr01]

Hi LC

 

Whats your take on JK bank. NPA's are total right off's in India. I think they have close to 5% NPA, and JK territory hit with floods recently, and NPA's are going to up. Thanks ;)