Tuesday, May 8, 2012

How you can be part of Facebook IPO

Investing in shares of foreign companies, such as Microsoft or Apple, is as easy as investing in local firms like Infosys or HDFC. Individuals in India can invest up to $200,000 per year directly in stocks abroad, as permitted under the Liberalised Remittance Scheme for Resident Individuals. Some domestic brokerages, such as Reliance Money, ICICIDirect and Kotak Securities, have tied up with foreign partners to enable transactions in foreign equities. Besides some US-based brokerage firm, enables Indian residents to use its stock trading platform to invest directly in the US equities, for a flat fee per transaction. Through such services, one can open a trading account in the foreign country and after transferring funds to it from India via an authorised dealer, one can invest in foreign stocks and mutual funds.