FOREIGN INVESTORS CAN INVEST IN IDFS: RBI

The Reserve Bank of India (RBI) has allowed foreign investors to invest in debt instruments floated by Infrastructure Debt Funds (IDF) set up as Non-Banking Financial Companies (NBFCs) or Mutual Funds (MFs). The debt instrument would include foreign currency and rupee bonds. While both individual and institutional foreign investors are allowed to invest, the Reserve Bank of India (RBI) has specified the instruments they are eligible to invest in. Eligible foreign investors include high net worth individuals registered with the Securities and Exchange Board of India (SEBI) and high net worth individuals registered with Securities and Exchange Board of India (SEBI) as sub-accounts of Securities and Exchange Board of India (SEBI) registered foreign institutional investors (FIIs). Non-residents are also eligible to invest.