The stock market of a developing countries is normally attractive for the foreign investors. A foreign endowments fund is planning to invest in equity shares of Indian companies. State the category under which this Forei

As per Regulation 5 of the SEBI (Foreign Portfolio Investors), Regulations, 2014, an applicant shall seek registration as a foreign portfolio investor in one of the categories mentioned under the regulations or any other category as may be specified by the SEBI from time to time. The foreign endowments fund will be covered under category III. This category includes foreign portfolio investor which shall include all others not eligible under Category I and II foreign portfolio investors such as endowments, charitable societies, charitable trusts, foundations, corporate bodies, trusts, individuals and family offices. Yes, if it is central bank of a foreign country, this will include in Category - I. The Category - I includes foreign portfolio investor which includes Government and Government related investors such as central banks, Governmental agencies, sovereign wealth funds and international or multilateral organizations or agencies.