US stock exchanges like NASDAQ and NYSE, counterparts to India's BSE and NSE, offer diverse trading opportunities. Unlike Indian ETFs, US stocks, tracked by major indices such as Dow Jones, S&P 500, and NASDAQ, represent a wide range of companies. The Dow tracks 30 large companies, the S&P 500 includes over 500 from various sectors, and NASDAQ encompasses more than 2,500 stocks. It's important to note that service-related disputes for US stocks don't fall under Indian investor redressal forums, highlighting a key difference for Indian investors.
We've teamed up with Vested Finance, a US-based investment advisor registered with the SEC, dedicated to empowering Indian investors with access to the US market. Their global team, rich in diversity and investment experience, enhances our offering. With us, diversifying your portfolio becomes seamless. Additionally, we offer curated investment portfolios themed around specific strategies, further tailoring your investment experience to your unique goals and interests. This partnership provides a robust platform for broadening your investment horizons.
Basic Plan
Basic features and fees
Free
Premium Plan
Most popular plan for investors
₹4500/year
You can invest in US stocks through Bajaj Broking in partnership with Vested. Simply open a Vested account, add funds, and start investing in US stocks with ease.
The Reserve Bank of India instituted the Liberalised Remittance Scheme (LRS), a set of policies governing the maximum amount of remittance. Under LRS, you can send up to USD 250,000 abroad annually without requiring approval from the RBI. This scheme has made it easier for Indians to pursue studies, travel, and trade in US stocks from India.
Investments in equities in the USA need to be made in USD. For this, you have to wire or remit USD to a partner bank of Vested in the United States after submitting an LRS form at your bank. When you sign up on our platform, we will guide you through the entire process.
Yes, you have to pay taxes on investment gains and dividends from US stocks. Capital gains will be taxed based on whether they are held for the short term or the long term. Dividends will be taxed at the rate of 25% in the USA. You only have to pay taxes in either country as per the Double Taxation Avoidance Agreement (DTAA).
The stock market trading time in the USA is standard for pre-market trading, normal trading and after-hours trading irrespective of the stock exchange. The pre-market trading hours are between 1:30 pm, IST and 7 pm IST for both NYSE and NASDAQ. Note that higher risks are associated with pre-market hour trading due to lower liquidity and fewer participants.
Vests are curated portfolios comprising equities or ETFs. Construction of these portfolios takes place with various themes in mind. While some Vests enable people to invest in diversified core assets balancing downside protection and balance performance, other Vests are thematic. The latter option helps people to narrow down their focus on specific industries.
No, it’s not necessary to open a bank account in the United States of America to fund your brokerage account. You can easily transfer funds from your Indian bank account.
Drive Wealth LLC, broker-dealer and custodian partner, holds your shares and cash in the USA. Drive Wealth is a member of FINRA and SIPC and looks after the clearing and execution for Vested investors. It also makes use of custodian services provided by Citibank.
Your user’s account will remain open and your investments will be safe even if Vested has to shut down. We will contact the broker directly to transfer or continue the account. We’ll work actively to bring the money back. Also, each account is insured by Securities Investor Protection Corp up to $500,000.
Keep your PAN card and proof of address at hand to open an account to invest in US stocks. As proof of address, you can use your Aadhaar card, any utility bill, and bank or credit card statements. Remember that the utility bills must be for the previous 3 months and must have your name on it. The process is paperless and can be completed in minutes.
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