New Delhi, Aug. 25 -- "Digital KYC and onboarding will reduce friction for retail NRI investors who earlier shunned India investing due to logistics," Vikram Shah, CEO and Founder of Vested Finance, said.

Shah welcomed SEBI's move, saying the proposal should open the door for retail investor NRIs, who can invest in lower ticket sizes as small as $5,000.

Earlier this month, SEBI released a consultation paper, "Review of Know Your Client Process for Individual Persons Resident Outside India" and proposed the relaxation for individual Persons Resident Outside India, including NRIs, Overseas Citizens of India (OCIs) and foreign nationals living abroad, in countries compliant with the Financial Action Task Force (FATF).

SEBI said the curren...