Govt allows overseas individuals to invest in equities via PIS

The government has notified the Foreign Exchange Management (Non-Debt Instruments) (Third Amendment) Rules, 2026, allowing individual Persons Resident Outside India (PROIs) to invest in Indian equities through the Portfolio Investment Scheme (PIS). The investment limit has been raised from 5% to 10% in any company. Earlier, this route was available only to NRIs and OCIs.