As per the LRS scheme introduced by FEMA (Foreign Exchange Management Act), it allows resident individuals of India to remit (send or invest) up to $250,000 per financial year overseas for investment and expenditure purposes.
We at Stockal, have relentlessly worked on building a seamless platform to help investors like you be able to invest in the global markets and be a part of companies you love!
One of the features that we provide on the platform is Fractional Investing.
Due to the purchasing power disparity (between the U.S. $ and the Indian INR) and the growth trends of the U.S. markets, purchasing one whole share can turn out to be expensive for a retail Indian investor.
For example, the stock price of Amazon on the day of this writing (22/1/2021) is $3,306 per stock. $3,306 equates to ₹ 2,411,41.29 in Indian currency.
That is indeed a lot of money for one single stock!
With Fractional Investing, you can invest in fractions of the same Amazon stock for as low as $100.
Signing up on our platform is easy. We have a 10-min KYC-led sign-up followed by LRS documentation. No minimum investment requirements. Flexible plans as per your investment needs.
All in all – a safe, secured, and insured investment.
Visit our website www.stockal.com to invest in more than 4000+ U.S. stocks and ETFs.
(To Visit our website, search for “Stockal” on Google and click on the first link. Or click on the link in our bio. Quora restricts users to add the same link to answers as per their community guidelines)
You can reach out to us at email@example.com for any queries or concerns. We would be more than happy to assist you.