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What this article will cover
A full webnotes article on the Zerodha NRI PIS versus non-PIS account choice will compare the portfolio investment scheme (PIS) route, under RBI monitoring with a PIS ledger, against the non-PIS route, covering repatriable and non-repatriable holdings, the post-allotment PIS-ledger update after an IPO or rights issue, brokerage and cost differences, and why most NRIs now choose non-PIS for new investments, with internal links to neighbouring topics on webnotes.in and a references section pointing to primary sources.
Allotted IPO shares often show average cost N/A on Kite until they list. This explains the demat-credit and listing timing behind it, when …
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