Times of IndiaLean R·
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.
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