New Delhi: In this article, we inform you about how to invest in shares of companies like Apple, Tesla, Microsoft, Alphabet, etc., from India. Soon, domestic Stock Market investors will be able to pump in their money and purchase stocks from 30 markets around the world. Managing Director of NSE International Exchange (NSE IX) informed that the first phase has already kickstarted with the investment in the US stock market.
V Balasubramaniam, the MD of NSE International Exchange (NSE IX), said that Indian investors will be allowed to trade in more than 30 international markets through its Global Access Platform in the coming six months. He said that the United States markets are already enrolled in in the first phase. This was reported on Moneycontrol.
NSE IX Global Access: Your Gateway to International Stock Investing for Indians
Balasubramaniam said the initiative would allow people in India to invest in more diversified markets.
The Global Access Platform has been designed to manage outbound investments as per the rules of the Reserve Bank of India’s (RBI) Liberalised Remittance Scheme (LRS). This set up allows resident individuals to remit up to USD 250,000 per financial year, including foreign investments.
As per the media report, Balasubramaniam said the entire transaction cycle—from onboarding to trading—has been structured in accordance with existing regulations.
The Global Access Platform has a unique feature, which it allows to trade fractionally, i.e., allowing investors to buy parts of high-priced global stocks instead of a whole share.
The MD of NSE International Exchange said that the feature will allow retail investors seeking exposure to global technology majors. For example, Apple is priced at USD 272. If there are USD 31 in our account, we can fractionalise it.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, InvITs and any form of alternative investment instruments and crypto assets.)