FPIs are permitted to transact only in the following:
- Securities in the primary and secondary markets including shares, debentures and warrants of companies, listed or to be listed on a recognised stock exchange in India
- Units of schemes floated by domestic mutual funds, whether listed on a recognised stock exchange or not
- Units of schemes floated by a collective investment scheme
- Derivatives traded on a recognised stock exchange
- Treasury bills and dated government securities
- Commercial papers issued by an Indian company
- Rupee denominated credit enhanced bonds
- Security receipts issued by asset reconstruction companies
- Perpetual debt instruments and debt capital instruments, as specified by the RBI
- Listed and unlisted non-convertible debentures/ bonds issued by an Indian company in the infrastructure sector, where ‘infrastructure’ is defined in terms of the extant External Commercial Borrowings guidelines
- Non-convertible debentures or bonds issued by Non-Banking Financial Companies categorised as ‘Infrastructure Finance Companies’ by the RBI
- Rupee denominated bonds or units issued by infrastructure debt funds
- Indian depository receipts
- Such other instruments specified by SEBI from time to time.