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Informist, Saturday, Aug. 9, 2025

 

MUMBAI – The Securities and Exchanges Board of India Friday introduced a framework for foreign portfolio investors and foreign venture capital investors called single window automatic and generalised access for trusted foreign investors--SWAGAT-FI. This is to seek public comments on proposals to improve ease of investments by simplifying onboarding and ongoing compliances for a specific set of FPIs, SEBI said in a consultation paper.   

 

This window will provide easier access for investment to objectively identified and verified low-risk foreign investors. It will also enable a unified registration process across multiple investment routes for such entities. This will reduce repeated compliance and documentation for such entities, the consultation paper said.

 

This framework will simplify access that will encourage larger and more stable inflows from institutional investors. It will also streamline documentation and processes that will lower entry barriers and operational costs for investors. Greater participation will improve liquidity in both equity and debt markets, benefiting all market participants, the paper said.   

 

A modernised access regime through this framework will enhance India's reputation as a competitive and investor-friendly destination. The proposal aligns with the principle of proportionality in regulation—lighter touch for entities verified as low-risk and regulated entities.

 

Foreign investors who are proposed to be identified as SWAGAT-FIs include government and government-related investors such as central banks, sovereign wealth funds, international or multilateral organisations or agencies, including entities controlled or at least 75% directly or indirectly owned by such government and government-related investors.

 

Currently, these investors are estimated to contribute more than 70% of total FPI assets under custody as on Jun. 30.  End

 

Reported by Simran Rede

Edited by Akul Nishant Akhoury

 

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