FPIs are permitted to transact only in the following:

  1. 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
  2. Units of schemes floated by domestic mutual funds, whether listed on a recognised stock exchange or not
  3. Units of schemes floated by a collective investment scheme
  4. Derivatives traded on a recognised stock exchange
  5. Treasury bills and dated government securities
  6. Commercial papers issued by an Indian company
  7. Rupee denominated credit enhanced bonds
  8. Security receipts issued by asset reconstruction companies
  9. Perpetual debt instruments and debt capital instruments, as specified by the RBI
  10. 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
  11. Non-convertible debentures or bonds issued by Non-Banking Financial Companies categorised as ‘Infrastructure Finance Companies’ by the RBI
  12. Rupee denominated bonds or units issued by infrastructure debt funds
  13. Indian depository receipts
  14. Such other instruments specified by SEBI from time to time.