I am a NRI living in Toronto, Canada and looking for information how can i invest in India.
What good companies are out there to open account with?
2007-02-26 14:49:49 · 6 answers · asked by uppalh 1 in Business & Finance ➔ Investing
I beleive that NRIs can invest in India.
I know that there is a huge technology boom in India.
I was there last Feb. and heard the president talk about WiFi in India, and how he wanted it everywhere, and how he planned to make it happen.
I would bet my money on technology in India right now. Don't know specific companies, it's something you want to do some research on.
Blessings,
Rani
2007-02-26 15:00:10 · answer #1 · answered by yogarani108 3 · 0⤊ 0⤋
NRIs can invest in Indian stock markets. There are certain procedures to be followed. Please contact Mr Banish on his New Delhi handphone:9312254140. He is a friend of mine and is working with a leading stock brokers. Give him my name i.e. Rangarajan. He will help you.
There is a Ministry for NRIs in the Govt of India. If you open the Govt of India website, you will find information about this Ministry who may be able to help you. Alternatively, you can approach Franklin Templeton or Bajaj Allianz.
2007-02-26 17:21:56 · answer #2 · answered by Anonymous · 0⤊ 0⤋
NRI can invest in india without any kind of legal hurdles.
You can open account with any good online trading / investment firm / broker and invest into products you like.
you can try kotak, hdfc, icici, reliance money, sharekhan, 5 paisa, etc
most of them will offer you investment in IPO, equity, derivatives, commodities and mutufal funds.
2007-02-26 15:14:45 · answer #3 · answered by MIHIRL 2 · 0⤊ 0⤋
yes u can invest in India for that u got to open up an nre ac in one of the bank i think hsbc n citi bank is good as i hv also in them or u can also do in sbi n though thm do trading thy charge us some money but it is worth paying n start with mutual fund first n than go for equity n i recommend go for hsbc as thyhv only reputed company fund u hv to consult their financial adviser n rest thy do the work u hv to only regularly send money in ur save ac al the best
2007-02-27 03:44:01 · answer #4 · answered by kabeerkaif 2 · 0⤊ 0⤋
Assuming you are a NRI (more than 180 days and returns to India after a while). Read more to get a clarity on this here:
As per FEMA, person resident of India(PROI), you can invest only through Portfolio Investment Scheme (PIS) route to invest in shares in India and hence need NRI demat account.
Process is, open a fresh PIS demat account (it can be NRO or NRE depending on the type of funds you have), open a separate NRO/NRE account and link it with the new NRI demat account.
Transfer your existing holdings from resident demat account to PIS demat account(no tax implication on this transfer).
Once PIS account is set up, you can buy/sell on NSE or any other exchange.
2017-03-31 00:58:18 · answer #5 · answered by SP2 3 · 1⤊ 0⤋
ya.. you can online ,,you have to start with good nationalise bank in india having demat facility also. you can invest directly and your gains will be higher than Indian nationalist as banks has policy to pay 1/2 % extra intrest on your investments as saving ac and in mutual funds by SBI or other banks it is sound and safe.
2007-02-26 14:54:20 · answer #6 · answered by konkanchaprawakta 2 · 0⤊ 0⤋