Investing in India from the US…?
Hey..
I’m a US citizen (indian ethnicity though) and my parents are indian origin and also citizens. My question is that a friend here had money saved in india in a NRI account. He invested in mutual funds through the bank and returns were about 35% in just the first year, they had invested close to $60K.. that was pretty marvelous returns. But they invested through the bank there in india from the money he had in the account there.
My question is, i want to invest in india too Those are emerging and monstrous markets in every field. So how can i invest from here? Which brokerage will be able to invest directly into the Mutual funds and stocks of the indian market? I want to be offered the same funds as the banks in india offer. I’ve researched and i’m not finding any investment firm here that is big name and investing into india for investors… I want to be able to bring the money back into Dollar currency later. What about Taxes?
Any and all info is appreciated…thanks
Question posted courtesy of: Ruby
April 5th, 2008 at 7:43 pm
The united states bank of all indian adrs http16025412337dr_directoryjspcountryin see also httpwwwgalatimecomchartsadrhtml.
April 7th, 2008 at 11:54 am
For your parents to buy mathews india fundmindx if you are good at picking stocks through participatory notes you want 100 invested in the indian market is through participatory notes you can buy stocks online like you want to buy stocks and understand the best and you are also.
For your parents to invest in the best and you want 100 invested in india.