I live in the US and I want to buy and see indian stocks online. What's the most secure and best site to do this and what are the requirements?
2007-01-07 04:50:24 · 5 answers · asked by desi 2 in Business & Finance ➔ Investing
You may want to get the actual rules from SEBI in India who is the governing body like the SEC.
As far as I know, an NRI cannot do any trading on the internet. But, an NRI can open a stock trading account, hand it over to someone in India to manage and let them trade the NRI account.
I think the Mutual Fund approach that has been recommended several time through nriinvestments.com is a good approach. But, why get to India as an NRI, if you are going to do Mutual Funds. We already have many Indian MF choices here to invest in our regular brokerage accounts (US based).
Finally, if you have an ability to get a PAN card in India (Indian version of SSN), then you can open a RI account in India and trade the stocks on-line from the anywhere in the world. Of course, you have to pay taxes in India through an Indian Tax Accountant.
Take care.
KKP_Investor
2007-01-07 06:26:06 · answer #1 · answered by KKP_Investor 3 · 0⤊ 0⤋
NRI Services :
Investments in Best Performing Mutual Funds.
Investments in Mutual Fund IPOs/NFOs.
Zero Commissions on Mutual Funds..
Zero Account Opening Charges..
Free Investment Advice...
NO other Fees, EVER..!!!
http://www.nriinvestindia.com/
2007-01-07 05:20:34 · answer #2 · answered by Anonymous · 0⤊ 0⤋
visit my blog
u will get all details
also visit my other answers
2007-01-07 13:25:18 · answer #3 · answered by dinu_pawar 5 · 0⤊ 0⤋
www.indiabulls.com
2007-01-07 05:15:42 · answer #4 · answered by vanpandy 4 · 0⤊ 0⤋