10.12What is NII?
1What is it?
Non-Institutional Investors (NIIs), also called HNIs: individuals and entities applying above ₹2 lakh. Usually 15% of the issue, split into small NII (₹2–10 lakh) and big NII (above ₹10 lakh).
2Why does it exist?
It separates wealthy individuals from retail investors and institutions.
3Quick revision
- Applications above ₹2 lakh.
- Usually 15%.
- sNII and bNII sub-categories.
4Knowledge check
Q1. Applying for ₹5 lakh puts you in which category?Show answer
Small NII.
Q2. Typical NII share?Show answer
15%.
Q3. Another name for NII?Show answer
HNI category.