2006-10-16 08:44:44 · 7 answers · asked by gloabalinvestor 1 in Business & Finance ➔ Investing
A good question. Foreigners cannot invest or trade in shares on stock exchanges in India. There are many countries that restrict or prohibit foreign ownership and India is one of them.
ADR shares of some major Indian firms trade in the US. For example only: Tata Motors, Infosys, Satyam, Wipro, Icici bank.
ADR-type shares of major Indian firms also trade in London and, in some cases, on Luxembourg stock exchange, generally in US dollars.
There are mutual funds focussing on India, I believe HSBC introduced one recently although it may not yet be for sale in North America.
Generally, these funds have high expense ratios and costs. It's worth one's time to search and shop carefully.
Interesting factoid: in June 2006 the US commission that governs futures trading approved/permitted US options based on the Bombay Sensex index, but to best of my knowledge these do not yet exist. If created such options would be another conduit to Indian markets.
2006-10-16 13:33:42 · answer #1 · answered by strath 3 · 0⤊ 0⤋
If a foreign national or a foreign corporation cannot buy shares in Indian companies or mutual funds holding Indian stocks, I would think that the Bombay Stock Market is going to drop at least 50%.
This is kind of a dumb question, don't you think.
2006-10-16 08:52:06 · answer #2 · answered by Jane N Hottie 3 · 0⤊ 0⤋
Am unsuitable or are mutual money basically a gaggle of shares? right here is my take - in case you have an extremely reliable company you understand will do properly then you definately can do shares outright. in case you have a team of businesses that would do properly and you may play the unfold then mutual money are a thank you to pass. Mutual money look "greater secure" to me. yet once you genuinely believe the corporate you're procuring shares in to accomplish than there you pass. shares themselves have diverse potentials i think of the important ingredient once you make investments - is making an investment in something you have self assurance in and something you will like your capital to assist out with. of path there are different issues to take a place in - like activities enjoying cards.
2016-10-19 12:23:10 · answer #3 · answered by huegel 4 · 0⤊ 0⤋
To my knowledge Forig Institutional Investors ae allowed to invest in India.They can be either Mauritious or Singapore based which are tax heavens> I think Non residents are allowed to invest with the permission of RBI
2006-10-16 13:49:24 · answer #4 · answered by jaggu 2 · 0⤊ 0⤋
About whether it is allowed or not you can get in touch with stock brokers. However, I can help you with those who will provide you facility of Internet Trading where you can buy sell stocks in any part of the world!
www.nseindia.com click on Equity>Trading>Internet Trading
2006-10-19 01:54:36 · answer #5 · answered by indiangal 3 · 0⤊ 0⤋
Pls. contact me/us to address your Investments interests & objectives in India
2006-10-17 22:15:10 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Yes.
2006-10-17 02:12:27 · answer #7 · answered by Anonymous · 0⤊ 1⤋