"As per the SEBI (Foreign Portfolio Investors) Regulation 2014, Foreign Institutional Investors (FII) and Qualified Foreign Investors (QFI) have been merged in the name of Foreign Portfolio Investors (FPI)" - As a Compli

Earlier, there were following categories namely: Foreign Institutional Investor Foreign Portfolio Investor Others which are not covered under (i) and (ii). In order to simplify the guidelines, rules and regulations, SEBI decided to merge all these categories into one known as Foreign Portfolio Investor (FPI). Categories of Foreign Portfolio Investor Category I FPIs include: Government and Government-related investors such as central banks, Governmental agencies, sovereign wealth funds and international or multilateral organizations or agencies. Category II FPIs include: Appropriately regulated broad based funds such as mutual funds, investment trusts, insurance/reinsurance companies; Appropriately regulated persons such as banks, asset management companies, investment managers/advisors, portfolio managers; Broad based funds that are not appropriately regulated but whose investment manager is appropriately regulated. However, the investment manager of such broad based fund should be registered as a Category II FPI and should undertake that it shall be responsible and liable for all acts of commission and omission of all its underlying broad based funds and other deeds and things done by such broad based funds under these regulations. University funds and pension funds; and University-related endowments already registered with SEBI as FIIs or sub-accounts. Category III FPIs include: It includes all other FPIs which are not eligible under Category I and II of FPIs such as endowments, charitable societies, charitable trusts, foundations, corporate bodies, trusts, individuals and family offices.