International Equity

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.
 

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All Customer accounts are protected up to $500,000 (including $250,000 for claims for cash).

How do fractional shares work

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.

What are the tax implications in India where my shares get vested with my nominee in case of my death?

There is no applicable estate duty in India on vesting of properties with the nominee in the event of death.

Do I need to pay tax on foreign dividend both in US and India? Can I claim credit for the taxes paid on such dividend in India?

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.

Am I liable to pay tax when I remit the funds back to India?

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.

How much can I invest in US stocks from India?

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. 

What insurance or protection do I get for my account?

DriveWealth LLC, a member of the Securities Investor Protection Corporation (SIPC), will serve as the custodian for your securities account. In the event that DriveWealth LLC fails and is placed in liquidation under the Securities Investor Protection Act, securities in your brokerage account may be protected up to $500,000. For details, please see www.sipc.org.

Can NRIs invest?

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.

What are the documents required for opening an account?

Any one of the following documents for a combination of Picture id proof + Proof of address

Picture ID proof:

• Government issued Photo ID (voter id, PAN card - mandatory for Indian Residents)
• Valid driver’s license
• Passport
• Voters registration card and photo

Proof of address:

• Utility bill
• Mobile phone bill, Bank or credit card statement

Else, any one of the below documents would suffice

Picture ID proof of address:

• Valid driver license with address
• Government issued Photo ID with address (Aadhar card)