Investment in foreign stocks gets easier as LRS goes online3 min read . Updated: 29 May 2020, 02:43 PM IST
- Investment in international stocks has been looking attractive over the past year as Indian markets have underperformed their US counterparts in a big way.
Indian residents can invest up to $250,000 per year in foreign stocks, bonds and ETFs. Making the money transfer to the foreign broker has traditionally involved a bank branch visit. However, fintechs in this space are gradually easing up the process by offering pickup and drop services for transfer forms. In addition, banks such as ICICI Bank allow a completely online process for transfers up to $25,000—10% of the total liberalised remittance scheme (LRS) limit.
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