Welcome to India Market Access

Investor Journey Flowchart

A diagrammatic representation of the FPI investor journey
Investor Journey

Investor – FPI Route

FPI Registration

Submit CAF and supporting documents through NSDL portal

DDP carries out Due Diligence

Grant of FPI Registration and issuance of certificate

Application routed to Income Tax Authority for PAN issuance

FPI Post-Registration

Setup custody arrangements and open securities/ cash accounts in custody books

Open Demat account with Central Securities Depositories (NSDL or CDSL)

Open CSGL account for government securities (Central Bank – RBI – Central Depository)

Open bank account

Application for CP code – Investor’s unique ID for trading on stock exchanges

KYC Documents upload to KRA central registry

Tax Consultant

Support in filling up PAN application section in CAF

Record FPI details in internal system for Tax processing and necessary compliances

Stock Broker

Onboard FPI on basis of KYC documents from KRA registry and additional documents, if any

Opening of Trading account and mapping of PAN / UCC / CP codes

Trade Ready Stage