Zerodha CEO Nithin Kamath praises SEBI for proposed NRI investing rule change
Zerodha CEO Nithin Kamath has praised a new SEBI proposal that would allow Non-Resident Indians (NRIs) to complete the onboarding process for Indian market investments entirely digitally. This change aims to eliminate the need for physical documentation and international courier delays, which have historically hindered NRI participation.
Why it matters
Streamlining investment processes for NRIs could significantly increase capital inflows into the Indian stock market by removing administrative barriers.
Zerodha founder and CEO Nithin Kamath recently praised SEBI for proposing a fully digital onboarding process for NRIs, without needing them to be physically present in India. “Kudos to SEBI for this pragmatic move,” Kamath wrote in an X (formerly Twitter) post. He said that the move could remove a major hurdle for overseas Indians looking to invest in Indian markets. However, Nithin Kamath said that the biggest remaining problem for NRI investors has been onboarding, particularly the paperwork and courier delays involved when applicants are living abroad.“But one massive bottleneck has remained: onboarding,” Kamath wrote in the X. “Even today, to open an account digitally, an NRI has to be physically in India. If they are abroad, there's a ton of physical documentation involved and dealing with international courier delays.
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