Yes, it is now possible! You can invest globally on a single platform.
With global equity exposure, you can enhance your returns by investing in one of the best international companies like Google, Apple etc.
What’s more? It is easy and accessible. Grow your wealth by investing in the international brands that you use all the time.
Do you know that US Stock Markets has some of the fastest growing companies in the world? Invest in these companies and make best use of the global opportunities.
All Customer accounts are protected up to $500,000 (including $250,000 for claims for cash).
When investing in US stock markets, you can buy fraction of stocks. It is a very unique feature. Basically it means, you could own 0.05 of Apple stock. It implies that you don't have to think in terms of "how many shares should I buy? Instead, decide to invest a certain amount of money and the number of units will be allocated to you automatically. For instance, if a stock is valued at $158 and you decide to invest $100 in it, you will get 0.63 shares.
Many popular US stocks are more expensive than typical Indian stocks. So this feature lets you invest in these companies and build a decent diversified portfolio even with small amounts of money.
There is no applicable estate duty in India on vesting of properties with the nominee in the event of death.
Yes, tax needs to be paid on Foreign dividend both in US and India. However, an Indian Resident individual can claim Tax credit of taxes paid in US by virtue of Double Taxation Avoidance Agreement (DTAA) entered into between India and US by filing a return of income in India. Maximum credit that can be availed is the amount of tax that should have been paid in India on the transaction if there is no DTAA.
No, the tax incidence is on the event of transfer of securities by the Client. The remittance of any funds lying outside India has no connection with the tax incidence.
Currently, you can invest up to USD 250,000 every year in foreign stocks from India. This amount can change, subject to RBI guidelines. So your investments in US securities are also governed by the same limit.
Our's brokerage partner, DriveWealth, is a member of the Securities Investor Protection Corporation (“SIPC”) which currently protects the securities and cash in your Account up to USD500,000 of which USD250,000 may be in cash. US brokerage ecosystem recommends that every investor account should have insurance. Please note that this USD500,000 is not applicable general losses in the stock market.
Yes, NRIs can invest. If NRIs are adding funds via India, they can use their existing NRE or NRO account and if they are adding funds from their foreign bank account which does not fall under LRS (Liberalized Remittance Scheme), they can directly remit funds from their bank account online.
Any one of the following documents for a combination of Picture id proof + Proof of address
Picture ID proof:
Proof of address:
Else, any one of the below documents would suffice
Picture ID proof of address: