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NRIs Trade Derivatives:
Non Resident Indians including – NRIs, PIOs & OCIs can trade in Derivatives Segment out of the Rupee funds held in India on non-repatriable basis (NRO). This means they can trade futures & options in the Indian stock market.
 

F&O involves the following 3 things:

1) Application for Custodial Participant (CP) Code through SHCIL needs to be filled.

2)     Opening of F&O Trading A/c

3)     Opening of a Bank A/c with UTI Bank in NRO status

Process:

After receiving the clients query, an F&O trading kit containing the above forms is sent to the client. The filled applications are then sent by the client to the India office. If everything is in place, your F&O account is opened within 10-12 days.

Once the F&O Trading A/c is opened you will get a User ID & Password for Online viewing of NSE Quotes. The Client can place his/her Orders Online himself, OR through "Online Helpdesk" Chat facility or an email or a Phone call. Distinct features of F&O Trading as compared to Cash Trading are as follows:

a)   There is no Delivery of shares involved in F&O Trading

b)   Speculation is possible in F&O Trading. Positions can be bought and sold or sold and bought the same day.

c)   Positions can be carried forward up to the Last Thursday (contract expiry day) of a given month

d)   A trading leverage of about 5 times the Base Capital shall be given depending upon the NSE’s Margin requirement for each Script.

Documents Required:

1)  Passport & VISA Copy duly notarized at the country of residence (notarized by any bank or notary).

2)  8 Passport Size Photographs (2 of them to be signed across).

3)  Copy of PAN Card duly notarized at country of residence.

 

Fees Schedule: Ask for detailed fee structure from our adviser. Use the form on the right to ask your F&O Questions.
 

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