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Guide to investing in global stocks via Liberalized Remittance Scheme
Mint Bangalore
|January 20, 2025
From KYC to investments: Indian platforms are streamlining stock investments in the US, other global markets
Imagine a day without Google, an Uber ride, WhatsApp, or even spreadsheets at work. Picture an evening without Instagram memes or relaxing on a weekend without Netflix. It seems almost unfathomable, doesn't it? These platforms have woven themselves deeply into our daily lives, serving billions globally. So, why not seize the opportunity to invest in the companies that power these experiences?
Investing in US stocks allows Indian investors to own a slice of the world's most influential companies, while global exchange-traded funds (ETFs) provide an avenue to diversify portfolios beyond domestic markets. While India's mutual fund (MF) industry has hit the Reserve Bank of India's $7 billion cap for overseas investments, platforms such as Vested Finance, INDmoney, and Appreciate offer an alternative route for Indian investors to access US markets through the Liberalized Remittance Scheme (LRS).
How it works Under the Liberalized Remittance Scheme, Indian residents are allowed to remit up to $250,000 annually. Platforms like Vested Finance, INDmoney, and Appreciate have leveraged this provision to simplify US stock and ETF investments.
This story is from the January 20, 2025 edition of Mint Bangalore.
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