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An Introduction To The Indian Stock Market

How to invest in the US securities market Deepa Venkatraghvan In part 1 of this series, we saw the benefits and implications of investing in the US securities market.

In this part, we look at how to go about investing, the operational aspects. In part 1 of this series, we saw the benefits and implications of investing in the US securities market. How to invest There are essentially 3 routes: The do-it-yourself or discount brokerage model Several e-trading platforms in the US offer products for overseas investors without a US address.

These platforms allow you to trade securities as well as offer custodian services. Charles Schwab for instance has an offering called Schwab One International account. You can open the account from India by submitting the application form along with copies of your passport, bank statement and a utility bill.

You would also need to submit form W8 Ben in order to claim beneficial ownership of the income from the account as well as claim any reduced rate of withholding tax, if available in the India-US Double Taxation Avoidance Agreement.

Having opened the account, you can get access to the US securities market including stocks, mutual funds, ETFs, options and fixed income.

Charges vary for broker assisted trades. Do read the product brochure for complete details. A similar product is offered by TD Ameritrade.

TD Ameritrade will open and hold accounts for Indian residents that do not have any ties to the US no Social Security Number or US address and there are no restrictions. Investors can complete the application online but the account will not be opened until they send in the appropriate documents.

In the do-it-yourself route, you will not have the benefit of professional advice. So if you are looking for a plain vanilla index fund, this might be good how to invest stock market india. However, if you are looking at stock picking, trading strategies and more complex operations, joptionpane.showinputdialog for char are unaware of the dynamics or product varieties in the US market, this might not be the best option for you.

For instance, you may not know enough about the stock market to make the best choice of stocks. No-load funds do not charge an upfront commission but they do have certain exit loads.

You would need to know these things before you make your choice.

An Introduction To The Indian Stock Market

And then there are several tax implications that you may not be aware of. The full service broking route You can approach a full service broking house such as Bank of American-Merrill Lynch BOA-MLWells Fargo, Morgan Stanley etc. These broking houses provide a complete package from advisory services, to product sales to custodian services. So as an investor sitting in India, this becomes a one-stop shop for your US investments.

Raj Sharma, a private wealth advisor at Merrill Lynch Wealth Management in Boston advices, "For novice investors, it is better to get professional advice while investing in the US markets.

There may be several legal and tax technicalities that the Indian investor may not be aware of. For instance, certain investments are taxed while some are tax exempt. Another big area of concern for international investors is that of the US estate tax. While we at Merrill do not offer legal and tax advice, we help the investor understand these issues and myer perth easter trading hours 2013 him to the james online raymond stock trade fees people so they may make informed decisions.

Full service broking houses have different models for fees. This wsj futures trades scrutinized advisory fee, fees for product selection as well as custodian fees. Globally, there is an ongoing debate about the fee structure of full service broking houses. Charles W Morten, an ex JP Morgan and Merrill Lynch officer who is now Chief of Operations and Compliance at Omnivest Group LLC, an investment advisory firm based in Princeton, New Jersey says, "There is always the question of conflict of interest in full-service houses where the broker, driven by commissions, might sell clients products that are in how to invest stock market india broker's best interest.

Charge structures are very platforma forex metatrader 4 and it can be difficult to evaluate how much your costs are likely to be. So you would need to do your due diligence before you choose your firm and advisor.

The advisory route This is a combination of the two routes mentioned above. The independent advisor or RIA Registered Independent Advisor will charge you a fee for advisory services and he will leave it up to you to make the product and platform selection. You are not obliged to purchase securities through your advisor so to that extent the element of bias is done away with. Having said that, such firms will also assist you with buying the products and selecting a custodian.

Independent advisors for instance are not allowed to accept any commissions so there is no conflict of interest. We charge a fee based on the size of the portfolio," explains Ash Bhatnagar, Senior Director at Omnivest Group LLC. From around the web.

10 golden rules of investing in stock markets - 10 golden rules of investing in stock markets | The Economic Times

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