Indians can access stocks of US companies such as Apple, Tesla and more. Check your options.
Indians can access stocks of US companies such as Apple, Tesla and more.
Indians can access stocks of US companies such as Apple, Tesla and more. Check your options.
Indians can invest in companies such as Apple, Tesla and Nvidia through two routes. You can buy US stocks directly or invest indirectly through funds. Your choice depends on whether you prefer control over shares or simpler investing.
RBI's Liberalised Remittance Scheme (LRS) allows resident Indians to send money abroad. The limit is $250,000 per financial year for permitted transactions, including overseas share investments.
Open an account with a broker accepting Indian residents. Examples include Interactive Brokers, Vested, and platforms that work with local brokers. Transfer money from your bank through LRS, converting rupees into dollars.
Once funds reach your brokerage account, you can buy stocks on major US exchanges. These include the New York Stock Exchange and Nasdaq. You choose which shares to buy, hold or sell.
GIFT City in Gujarat offers investment platforms regulated by the International Financial Services Centres Authority. Platforms such as INDmoney provide access to US stocks through this setup.
You still transfer dollars under your LRS limit. Money enters a US stocks wallet and becomes available within 24 hours.
NSE International Exchange also offers depository receipts linked to selected US companies. However, these cover roughly 50 stocks, offering fewer choices than overseas brokerage accounts.
Indian mutual funds and exchange-traded funds (ETFs) offer an indirect route. Some invest through international funds, while others follow indices such as the Nasdaq-100 or theS&P 500.
Averytin News Financial update.