Indians can now trade in Google, Apple, 6 other US stocks on NSE IFSC, here’s how you can invest
Zee News
NSE IFSC will facilitate the trade of US stocks on the platform.
New Delhi: Indian investors can now directly invest in eight US stocks, including Alphabet (Google), Apple, and Tesla, starting from today (March 3), on the NSE International Exchange (NSE IFSC).
NSE IFSC, a wholly-owned subsidiary of the National Stock Exchange of India, will facilitate the trade on its platform. The complete process of trading, clearing, settlement and holding of US Stocks will be managed by IFSC Authority’s regulatory structure.
In the initial phase, Indian investors can invest in US stocks such as Alphabet (Google), Amazon, Tesla, Meta Platforms (Facebook), Microsoft, Apple, Netflix, and Walmart.
“This initiative is a first of its kind at IFSC where Indian retail investors will be able to transact on the NSE IFSC platform under the Liberalized Remittance Scheme (LRS) limits prescribed by the Reserve Bank of India (RBI)," NSE IFSC' said in an August circular.
Here’s how to invest in US stocks via NSE IFSC: