Want to invest in US stocks via GIFT City? How Indian brokers plan to make it easier
Leading Indian discount brokers are set to launch overseas investing via GIFT City, simplifying access to global stocks like Apple and Tesla for Indian investors. This move, facilitated by GIFT City’s regulatory framework, allows investments as low as $1 through fractional ownership. Funds are transferred via the RBI’s LRS, with investors retaining beneficial ownership and entitled to dividends. Tax implications, including a 20% TCS, apply.
Leading Indian discount brokers are set to launch overseas investing via GIFT City, simplifying access to global stocks like Apple and Tesla for Indian investors. This move, facilitated by GIFT City’s regulatory framework, allows investments as low as $1 through fractional ownership. Funds are transferred via the RBI’s LRS, with investors retaining beneficial ownership and entitled to dividends. Tax implications, including a 20% TCS, apply.
Continue Reading
-
Asian stocks today: Markets remain mixed after Trump’s Iran remarks; HSI down over 76 points, Kospi gains 1.5%
-
AIADMK Expels KA Sengottaiyan, VK Sasikala’s Aide And Veteran Leader
- T20 World Cup: How worried should India be about their Super 8 opponents
- Mossad Operative Behind Op Roaring Lion Was Killed On Mission, Says Spy Chief
- Gaming Laptop Running Slow? 9 Expert Fixes To Boost Speed Instantly
-
Ukraine Hit By Mass Power Outages After ‘Technical Malfunction’
- Explained: Key Differences Between Union Budget And State Budget
-
‘Why Defame Someone Who’s Dead?’ Twisha Sharma’s Relative On In-Laws’ Remarks
-
Disguises, Boats, Flights: Video Shows Machado’s Daring Escape From Venezuela
- Boost for Nvidia! Trump allows tech giant to ship H200 chips to China; but will Beijing look to reduce dependence?