Category I FPI - which shall include Government and Government related investors such as Central Banks, international or multilateral organisations, Sovereign Wealth Funds
Category II FPI - Regulated entities like mutual funds, investment trusts, insurance/reinsurance companies; banks, AMC, investment managers/ advisors, portfolio managers; university funds and pension funds, broad based funds that are not appropriately regulated but whose investment manager is appropriately regulated.
Broad based fund shall mean a fund, established or incorporated outside India, which has at least twenty investors, with no investor holding more than 49 percent of the shares or units of the fund.
Category III FPI - include all others not eligible under Category I and II such as endowments, charitable societies, charitable trusts, foundations, corporate bodies, individuals & family offices.
Eligibility criteria of Designated Depository Participant - (a) the applicant is a participant registered with SEBI; a custodian of securities registered with SEBI; (c) Authorised Dealer Category-1 bank authorised by the Reserve Bank of India; (d) multinational presence & has systems and procedures to comply with FATF requirements
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