Bonanza Portfolio Limited offers a One Stop Solution services to cater to the investment requirements of NRIs residing across the globe. Bonanza Portfolio Limited Offers the of art online trading solution to NRIs, so they can feel at home while taking investment decisions.
Bonanza's NRI Desk is dedicated to bringing the best investment options to its clients from the financial products to real estate sectors in a transparent and process oriented manner. We support our valued NRI customers by having a dedicated NRI desk where they can also transact via offline channel (as required by the guidelines of the respective overseas country).Our Products and Offerings:
E-broking : Seamless Online trading experience to invest in the Indian equity market through the leading stock exchanges (NSE / BSE).
Retail Broking :Enjoy personalized service through dedicated Relationship Managers.
Portfolio Management Services (PMS) : Get the best returns from our dedicated and efficient research desk offering Sebi registered Portfolio management services.
Demat :Address your Dematerialization needs like Transfer of shares in Demat form, dematerialization, dematerialization and pledging of shares.
PIS :Reporting to RBI, compliance of statutory regulations, calculation of capital gains tax liability and issuance of TDS certificate done on customer’s behalf based on the information furnished, undertaken by the Bonanza, NRI Desk, Mumbai.
Equity Research :Regular reports and updates that help you pick the right company/stock to invest in, from amongst a wide universe of listed companies.
Advisory : Investment assistance and advices through our qualified dealers.
Customer Care :Direct contact to our dedicated NRI customer service desk.
Mutual Funds/IPO/Bond :Appropriate investment vehicle to avail the benefits of a diversified portfolio and an excellent way to diversify risk.
Lowest Brokerage Rates : Lowest brokerage rates in the industry.
24x7 Back office :Anywhere access to reports and client ledgers throughout with low band width option.
Real Estate :Real estate investment opportunities in India.
An NRI is a person residing outside India but who is a citizen of India or is a person of Indian origin. Under the Foreign Exchange Management Act (FEMA), generally, a person is residing outside India if the person is in India for less than 182 days during the course of the preceding financial year and also includes any person who stays abroad for employment, or for carrying on any business or vocation, or for any other purpose indicating an intention of stay outside India for an uncertain period for education provided the student has stayed overseas for more than 182 days in the preceding financial year.
According to the World Bank, India was already the third largest economy in terms of Purchasing Power Parity. With a consistently high GDP, and a buoyant and dynamic economy, India continues to outpace other economies in the region. India’s GDP has also grown at around 7.9 per cent between 2003 and 2012. This trend, according to the International Monetary Fund (IMF), is likely to continue for the next five years with an average GDP growth rate of 7.7 per cent per annum till 2017
India’s steady economic liberalization and its embrace of the global economy have been key factors in attracting FDI. The government recently opened up multi-brand retail and civil aviation markets to 51 and 49 per cent FDI respectively and with more reforms expected in insurance and pension sectors, among others, India will continue to offer compelling opportunities to the global investment community.
Indian companies are making their mark globally with remarkable progress being made in IT, Pharmaceuticals, Biotechnology and a host of other sectors. There is reason enough to believe that these sectors will source the stock markets as a prospective avenue to source capital for expansion plans
India has a vibrant domestic credit market with an active corporate and government bond market, interest rate and credit derivative markets. More importantly, the interest rates in India are determined by the market.
One of the best predictors of the long-term potential of a growing, mostly market-based economy is demographics. India offers a young population; more than 50% of its population is below the age of 25.
Consumer spending in India grew from US$ 549 billion to US$ 1.06 trillion between 2006 and 2011, putting India on the path to becoming one of the world’s largest consumer markets by 2025. India’s consumption is expected to rise 7.3 per cent annually over the next 20 years.
This rise of India’s “new middle class” is globally significant as it will usher fundamental changes in India and around the world by triggering waves of innovation in the production, distribution and delivery of goods and services, including government services. Innovations - like the US$ 2200 Nano car by Tata Motors, the inexpensive hand-held electrocardiogram (ECG) machine from GE Healthcare, a low-cost water purifier called ‘Tata Swach’ by Tata Chemicals, a battery-powered ‘ChotuKool’ refrigerator by Godrej, and a mobile phone application called ‘Nokia Life Tools’ by Nokia for rural consumers to access agricultural, educational and entertainment content - are some examples of frugal engineering that are primarily aimed at the Indian market, but will likely find buyers in many other parts of the world as well.
An NRI should have a Bank Account (NRE/NRO or both) with a designated bank, which is approved by the RBI (Reserve Bank of India) for this purpose.
He/She should apply for a general approval for investment in the Indian Stock Market through his/her designated bank branch.
He/She should open a Demat Account with Bonanza Portfolio Ltd. to hold his/her shares and register with Bonanza Portfolio Ltd. to execute their buy/sell orders on the Stock Exchange(s).
Portfolio Investment Scheme (PIS) is a scheme of the Reserve Bank of India (RBI) defined in Schedule 3 of Foreign Exchange Management Act 2000 under which the 'Non Resident Indians (NRIs)' and 'Person of Indian Origin (PIOs)' can purchase and sell shares and convertible debentures of Indian Companies on a recognized stock exchange in India by routing all such purchase/sale transactions through their account held with a Designated Bank Branch. Any NRI or a PIO wanting to trade/make fresh investments in the Indian Equity Secondary Market needs and must have one PIS account with only one designated bank in India. Notes
PIS account is applicable only for NRIs and not for resident Indians.
It is only for trading in Indian markets and not any other foreign markets.
It is applicable only for equity trades and not MF investments.
There are two types of PIS account:
NRE PIS account
NRO PIS account