Investing in S&P500 Index Fund from India
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I am an Indian Citizen residing in India. Can I invest in an S&P500 Index fund while residing in India?
stocks india index-fund
edited Nov 26 at 20:20
yoozer8
1,86931021
asked Nov 26 at 9:11
Sucheta Saha
8113
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up vote
16
down vote
favorite
I am an Indian Citizen residing in India. Can I invest in an S&P500 Index fund while residing in India?
stocks india index-fund
edited Nov 26 at 20:20
yoozer8
1,86931021
asked Nov 26 at 9:11
Sucheta Saha
8113
New contributor
Sucheta Saha is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
With no comment from the person who flagged this off-topic explaining why, I'm voting to leave it open.
– Rupert Morrish
Nov 26 at 19:08
add a comment |
up vote
16
down vote
favorite
up vote
16
down vote
favorite
I am an Indian Citizen residing in India. Can I invest in an S&P500 Index fund while residing in India?
stocks india index-fund
edited Nov 26 at 20:20
yoozer8
1,86931021
asked Nov 26 at 9:11
Sucheta Saha
8113
New contributor
Sucheta Saha is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
I am an Indian Citizen residing in India. Can I invest in an S&P500 Index fund while residing in India?
stocks india index-fund
stocks india index-fund
edited Nov 26 at 20:20
yoozer8
1,86931021
asked Nov 26 at 9:11
Sucheta Saha
8113
New contributor
Sucheta Saha is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
edited Nov 26 at 20:20
yoozer8
1,86931021
asked Nov 26 at 9:11
Sucheta Saha
8113
New contributor
Sucheta Saha is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
edited Nov 26 at 20:20
yoozer8
1,86931021
edited Nov 26 at 20:20
yoozer8
1,86931021
edited Nov 26 at 20:20
yoozer8
1,86931021
1,86931021
asked Nov 26 at 9:11
Sucheta Saha
8113
New contributor
Sucheta Saha is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked Nov 26 at 9:11
Sucheta Saha
8113
asked Nov 26 at 9:11
Sucheta Saha
8113
8113
New contributor
Sucheta Saha is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
New contributor
Sucheta Saha is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
Sucheta Saha is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
With no comment from the person who flagged this off-topic explaining why, I'm voting to leave it open.
– Rupert Morrish
Nov 26 at 19:08
add a comment |
With no comment from the person who flagged this off-topic explaining why, I'm voting to leave it open.
– Rupert Morrish
Nov 26 at 19:08
With no comment from the person who flagged this off-topic explaining why, I'm voting to leave it open.
– Rupert Morrish
Nov 26 at 19:08
With no comment from the person who flagged this off-topic explaining why, I'm voting to leave it open.
– Rupert Morrish
Nov 26 at 19:08
add a comment |
2 Answers
2
active
oldest
votes
up vote
17
down vote
Can I invest in S&P500 Index fund, while residing in India
You can invest in US funds. Under the Liberalized Remittance Scheme one can invest up to USD 250,000 per year.
Option 1:
Open an account with an international broker. This is time consuming and KYC etc would take time. Transferring funds will also involve a bit of paperwork. You can then invest into a range of funds that track the S&P 500.
Option 2:
Open an Account with an Indian broker [or with AMFI]. There are quite a few fund houses that offer funds that invest in US markets; for example ICICI, Franklin, Motilal Oswal, DSP Blackrock, Birla Sunlife, etc. Most of these invest in a broad range of equity. Motilal has NASDAQ 100; it has filed a prospectus for S&P.
This would be more convenient in terms of KYC or depositing / withdrawing as your interaction will be with the Indian fund house.
edited Nov 26 at 13:32
Glorfindel
3291311
answered Nov 26 at 11:48
Dheer
49k961144
add a comment |
up vote
5
down vote
There are 2 aspects to your questions as I perceive it. Whether or not you are eligible to invest in it as a non-US resident and whether or not you have access to it outside the US.
The short answer to both is yes.
You're perfectly fine to invest in USA based ETFs as a non-resident. The second part I cannot help directly with since I'm not based in India but for instance, in the EU, you can open local broker accounts to invest in cross-continent ETFs or skip that altogether and invest in ETFs and similar financial products through a robo-advisor (like Moneyfarm, Scalable, ETFmatic etc).
I'm fairly certain that for a big market like India you should be able to find someone offering broker accounts and/or robo-advisor options that include USA ETFs.
edited Nov 26 at 13:18
Glorfindel
3291311
answered Nov 26 at 9:49
Leon
2,0211317
add a comment |
2 Answers
2
active
oldest
votes
2 Answers
2
active
oldest
votes
active
oldest
votes
active
oldest
votes
up vote
17
down vote
Can I invest in S&P500 Index fund, while residing in India
You can invest in US funds. Under the Liberalized Remittance Scheme one can invest up to USD 250,000 per year.
Option 1:
Open an account with an international broker. This is time consuming and KYC etc would take time. Transferring funds will also involve a bit of paperwork. You can then invest into a range of funds that track the S&P 500.
Option 2:
Open an Account with an Indian broker [or with AMFI]. There are quite a few fund houses that offer funds that invest in US markets; for example ICICI, Franklin, Motilal Oswal, DSP Blackrock, Birla Sunlife, etc. Most of these invest in a broad range of equity. Motilal has NASDAQ 100; it has filed a prospectus for S&P.
This would be more convenient in terms of KYC or depositing / withdrawing as your interaction will be with the Indian fund house.
edited Nov 26 at 13:32
Glorfindel
3291311
answered Nov 26 at 11:48
Dheer
49k961144
add a comment |
up vote
17
down vote
Can I invest in S&P500 Index fund, while residing in India
You can invest in US funds. Under the Liberalized Remittance Scheme one can invest up to USD 250,000 per year.
Option 1:
Open an account with an international broker. This is time consuming and KYC etc would take time. Transferring funds will also involve a bit of paperwork. You can then invest into a range of funds that track the S&P 500.
Option 2:
Open an Account with an Indian broker [or with AMFI]. There are quite a few fund houses that offer funds that invest in US markets; for example ICICI, Franklin, Motilal Oswal, DSP Blackrock, Birla Sunlife, etc. Most of these invest in a broad range of equity. Motilal has NASDAQ 100; it has filed a prospectus for S&P.
This would be more convenient in terms of KYC or depositing / withdrawing as your interaction will be with the Indian fund house.
edited Nov 26 at 13:32
Glorfindel
3291311
answered Nov 26 at 11:48
Dheer
49k961144
add a comment |
up vote
17
down vote
up vote
17
down vote
Can I invest in S&P500 Index fund, while residing in India
You can invest in US funds. Under the Liberalized Remittance Scheme one can invest up to USD 250,000 per year.
Option 1:
Open an account with an international broker. This is time consuming and KYC etc would take time. Transferring funds will also involve a bit of paperwork. You can then invest into a range of funds that track the S&P 500.
Option 2:
Open an Account with an Indian broker [or with AMFI]. There are quite a few fund houses that offer funds that invest in US markets; for example ICICI, Franklin, Motilal Oswal, DSP Blackrock, Birla Sunlife, etc. Most of these invest in a broad range of equity. Motilal has NASDAQ 100; it has filed a prospectus for S&P.
This would be more convenient in terms of KYC or depositing / withdrawing as your interaction will be with the Indian fund house.
edited Nov 26 at 13:32
Glorfindel
3291311
answered Nov 26 at 11:48
Dheer
49k961144
Can I invest in S&P500 Index fund, while residing in India
You can invest in US funds. Under the Liberalized Remittance Scheme one can invest up to USD 250,000 per year.
Option 1:
Open an account with an international broker. This is time consuming and KYC etc would take time. Transferring funds will also involve a bit of paperwork. You can then invest into a range of funds that track the S&P 500.
Option 2:
Open an Account with an Indian broker [or with AMFI]. There are quite a few fund houses that offer funds that invest in US markets; for example ICICI, Franklin, Motilal Oswal, DSP Blackrock, Birla Sunlife, etc. Most of these invest in a broad range of equity. Motilal has NASDAQ 100; it has filed a prospectus for S&P.
This would be more convenient in terms of KYC or depositing / withdrawing as your interaction will be with the Indian fund house.
edited Nov 26 at 13:32
Glorfindel
3291311
answered Nov 26 at 11:48
Dheer
49k961144
edited Nov 26 at 13:32
Glorfindel
3291311
edited Nov 26 at 13:32
Glorfindel
3291311
edited Nov 26 at 13:32
Glorfindel
3291311
3291311
answered Nov 26 at 11:48
Dheer
49k961144
answered Nov 26 at 11:48
Dheer
49k961144
answered Nov 26 at 11:48
Dheer
49k961144
49k961144
add a comment |
add a comment |
up vote
5
down vote
There are 2 aspects to your questions as I perceive it. Whether or not you are eligible to invest in it as a non-US resident and whether or not you have access to it outside the US.
The short answer to both is yes.
You're perfectly fine to invest in USA based ETFs as a non-resident. The second part I cannot help directly with since I'm not based in India but for instance, in the EU, you can open local broker accounts to invest in cross-continent ETFs or skip that altogether and invest in ETFs and similar financial products through a robo-advisor (like Moneyfarm, Scalable, ETFmatic etc).
I'm fairly certain that for a big market like India you should be able to find someone offering broker accounts and/or robo-advisor options that include USA ETFs.
edited Nov 26 at 13:18
Glorfindel
3291311
answered Nov 26 at 9:49
Leon
2,0211317
add a comment |
up vote
5
down vote
There are 2 aspects to your questions as I perceive it. Whether or not you are eligible to invest in it as a non-US resident and whether or not you have access to it outside the US.
The short answer to both is yes.
You're perfectly fine to invest in USA based ETFs as a non-resident. The second part I cannot help directly with since I'm not based in India but for instance, in the EU, you can open local broker accounts to invest in cross-continent ETFs or skip that altogether and invest in ETFs and similar financial products through a robo-advisor (like Moneyfarm, Scalable, ETFmatic etc).
I'm fairly certain that for a big market like India you should be able to find someone offering broker accounts and/or robo-advisor options that include USA ETFs.
edited Nov 26 at 13:18
Glorfindel
3291311
answered Nov 26 at 9:49
Leon
2,0211317
add a comment |
up vote
5
down vote
up vote
5
down vote
There are 2 aspects to your questions as I perceive it. Whether or not you are eligible to invest in it as a non-US resident and whether or not you have access to it outside the US.
The short answer to both is yes.
You're perfectly fine to invest in USA based ETFs as a non-resident. The second part I cannot help directly with since I'm not based in India but for instance, in the EU, you can open local broker accounts to invest in cross-continent ETFs or skip that altogether and invest in ETFs and similar financial products through a robo-advisor (like Moneyfarm, Scalable, ETFmatic etc).
I'm fairly certain that for a big market like India you should be able to find someone offering broker accounts and/or robo-advisor options that include USA ETFs.
edited Nov 26 at 13:18
Glorfindel
3291311
answered Nov 26 at 9:49
Leon
2,0211317
There are 2 aspects to your questions as I perceive it. Whether or not you are eligible to invest in it as a non-US resident and whether or not you have access to it outside the US.
The short answer to both is yes.
You're perfectly fine to invest in USA based ETFs as a non-resident. The second part I cannot help directly with since I'm not based in India but for instance, in the EU, you can open local broker accounts to invest in cross-continent ETFs or skip that altogether and invest in ETFs and similar financial products through a robo-advisor (like Moneyfarm, Scalable, ETFmatic etc).
I'm fairly certain that for a big market like India you should be able to find someone offering broker accounts and/or robo-advisor options that include USA ETFs.
edited Nov 26 at 13:18
Glorfindel
3291311
answered Nov 26 at 9:49
Leon
2,0211317
edited Nov 26 at 13:18
Glorfindel
3291311
edited Nov 26 at 13:18
Glorfindel
3291311
edited Nov 26 at 13:18
Glorfindel
3291311
3291311
answered Nov 26 at 9:49
Leon
2,0211317
answered Nov 26 at 9:49
Leon
2,0211317
answered Nov 26 at 9:49
Leon
2,0211317
2,0211317
add a comment |
add a comment |
Sucheta Saha is a new contributor. Be nice, and check out our Code of Conduct.
Sucheta Saha is a new contributor. Be nice, and check out our Code of Conduct.
Sucheta Saha is a new contributor. Be nice, and check out our Code of Conduct.
Sucheta Saha is a new contributor. Be nice, and check out our Code of Conduct.
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With no comment from the person who flagged this off-topic explaining why, I'm voting to leave it open.
– Rupert Morrish
Nov 26 at 19:08