SEBI Simplifies Foreign Investor Access with SWAGAT-FI Framework

SEBI has introduced a streamlined framework, SWAGAT-FI, to simplify onboarding and compliance for Foreign Portfolio Investors and Foreign Venture Capital Investors. The new system extends registration validity and KYC review to 10 years, providing easier access for low-risk foreign investors and aiming to enhance India's investment allure.

The Securities and Exchange Board of India (SEBI) announced the simplification of guidelines for Foreign Portfolio Investors (FPIs) and Foreign Venture Capital Investors (FVCIs), debuting a new framework dubbed SWAGAT-FI.

Under this revised system, eligible investors can register without submitting separate applications, provided they use the same custodian and Designated Depository Participant. Streamlined renewal and Know Your Customer (KYC) processes extend registration validity and review intervals to 10 years for SWAGAT-FI participants.

Effective June 1, 2026, this initiative aims to make India more attractive for low-risk foreign investors, facilitating a seamless investment experience and aligning with recent efforts to enhance foreign participation in the Indian securities market.

(With inputs from agencies.)