Buying US stocks via FI account

[iamdhamo]

Anybody investing in US stocks via FI account. It says brokerage is free and also want to know if we can take money easily after selling the US stocks wrt tax implications?

Is it better than ind money?

 

[Vasuki]

Anybody investing in US stocks via FI account. It says brokerage is free and also want to know if we can take money easily after selling the US stocks wrt tax implications?

Is it better than ind money?

Depends on how much u willing to invest .

Because investing might be zero balance.
But exit load is something u should research more about
For small amount don't ..
Unless 3-4 lakh u are ok ..
Only invest in War economy stocks , oils etc
Tech aren't giving return seeing the bad outlook of world affairs

 

[iamdhamo]

Depends on how much u willing to invest .

Because investing might be zero balance.
But exit load is something u should research more about
For small amount don't ..
Unless 3-4 lakh u are ok ..
Only invest in War economy stocks , oils etc
Tech aren't giving return seeing the bad outlook of world affairs

Thank you and have u invested in US stocks via fi or ind money or both?

 

[Vasuki]

Thank you and have u invested in US stocks via fi or ind money or both?

Via ind Money just for Fomo .not for return it's in red since 2 year 😂

 

[iamdhamo]

Via ind Money just for Fomo .not for return it's in red since 2 year 😂

Oh ok and taking money out also is simple right using ind money?

 

[Vasuki]

Oh ok and taking money out also is simple right?

No I never took out .
Or sold

 

[Vasuki]

Better put money in mutual fund which invest in Us stock ..


If u withdraw .inward remittance tax applies + tax

 

[iamdhamo]

Better put money in mutual fund which invest in Us stock ..


If u withdraw .inward remittance tax applies + tax

Ya I already invested in mutual fund. Thought to invest directly too so checked

 

[Vasuki]

Ya I already invested in mutual fund. Thought to invest directly too so checked

Wait for elections

 

[Vasuki]

Ya I already invested in mutual fund. Thought to invest directly too so checked

You can open account .
Small amount they give few 100 on first time investment

 

[iamdhamo]

You can open account .
Small amount they give few 100 on first time investment

Would u recommend ind money or fi ?

 

[Vasuki]

Would u recommend ind money or fi ?

Try ind Money
It will open a sbm.sb account

 

[iamdhamo]

Try ind Money
It will open a sbm.sb account

I already have fi account so thought to use fi. If any body uses fi account for US stocks then their feed back would be helpful