Asked by: Birthe Galazo
personal finance mutual funds

Can we buy foreign shares in India?

Last Updated: 27th February, 2020

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Yes, of course Indian citizens canbuyshares of companies listed in foreign stockexchanges.The process of investing in foreign stocks are asfollow:Open a trading account with a brokerage house (ICICI Direct,KotakSecurities etc.) with overseastradingfacility.

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Keeping this in consideration, can I buy foreign stocks in India?

Liberalized Remittance Scheme – Under LRS,domesticinvestors are allowed to remit a certain amount of moneyduring afinancial year to another country. This money canbe used tobuy foreign stocks and debt instruments inoverseasmarket. We now directly invest in stocks andfunds listed onU.S. Exchanges.

Secondly, how can I buy US shares from India?

  1. Open a trading account with brokerage house.
  2. Submit KYC documents this includes your PAN card andresidentproof such as Voter ID card or latest bank statement.
  3. Once your account is opened you need to do fund transfer.
  4. Once fund are transfer you can start trading atonlineplatform.

Accordingly, how do I buy foreign shares?

Foreign Direct Investing There are two ways for investors to buyforeignstocks directly. You can open a global account with abroker inyour home country. Fidelity, E*TRADE, Charles Schwab,andInteractive Brokers all offer this service. The other is to openanaccount with a local broker in thetargetcountry.

Can I buy stocks outside US?

While U.S. stocks and bonds are regulatedbyU.S. law, there are no explicit provisionsprohibitingnon-U.S. citizens from investing in theU.S.stock market and many investment firms cater tointernationalclients who wish to purchase U.S.stocks.

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