The interest in the US stock market for investors in India seems to be fast increasing. Buying the US stocks even in small fractions on some of the leading US stock exchanges such as Nasdaq 100, S&P 500, Dow 30 and Russell 2000 is not a privilege that only investors in the US enjoy anymore. Investing abroad is also something most India investors are taking up to bring in the advantage of diversification in their domestic portfolio. There are several international brokerage platforms in the market today that help Indian investors to buy top US stocks such as Apple, Tesla, and Facebook, among others.
Opening a foreign trading account is simple and gets completed in a few days’ time with the brokerage house taking care of LRS and other KYC formalities. Viraj Nanda, CEO, Globalise, tells FE Online why the interest in buying US stocks is increasing, the process to open an account, the costs involved and what needs to be considered before investing in the US stocks.
On sudden pick up in the interest of Indians investing abroad in the US stock market
Several underlying factors have contributed to the surge in Indians investing abroad. The attractiveness of the US markets over the last decade has been one of the primary factors. Technological advances have made the investing process digital. People have been using brands like Google, Facebook, Netflix, Amazon and they can now own these brands which are growing rapidly and attracting interest.
Global investing also enable…
