Tellugodu Posted February 21 Report Share Posted February 21 Does anyone opened Demat account for investing in Indian equity markets/ mutual funds? If yes, can you please share the process or the platform you used to open the demat account? @dasari4kntr @Konebhar6 @ARYA @Sucker 1 Quote Link to comment Share on other sites More sharing options...
Sucker Posted February 21 Report Share Posted February 21 9 minutes ago, Tellugodu said: Does anyone opened Demat account for investing in Indian equity markets/ mutual funds? If yes, can you please share the process or the platform you used to open the demat account? @dasari4kntr @Konebhar6 @ARYA @Sucker Ndukanna investment shopping chey 1 Quote Link to comment Share on other sites More sharing options...
dasari4kntr Posted February 21 Report Share Posted February 21 20 minutes ago, Tellugodu said: Does anyone opened Demat account for investing in Indian equity markets/ mutual funds are we allowed..? Quote Link to comment Share on other sites More sharing options...
HugoStrange Posted February 21 Report Share Posted February 21 19 minutes ago, Tellugodu said: Does anyone opened Demat account for investing in Indian equity markets/ mutual funds? If yes, can you please share the process or the platform you used to open the demat account? @dasari4kntr @Konebhar6 @ARYA @Sucker nenu process start chesi apesa, first u have to open NRI and NRE accounts, the NRI Demat account open chesukovachu HDFC: NRI & NRE accounts ekkada nunde open chesukovachu, but dmat account u have to be in India. Also online transaction account evadu. Neku oka agent ni assign chesthadu, vadiki call chesthe vadu buy or sell chesthadu anta. U can see ur transacions and amount online but cant do transactions on ur own ICICI: Ekkada nunde anni open chesukovachu, NRI, NRO and Dmat. Kakapothe charges ekkuva unnai. To transfer from ur NRI account to Dmat account yearly fee untundi around 4k rs. For transactions u have to pay some fee yearly. Per transaction kuda koncham cost untundi 1 Quote Link to comment Share on other sites More sharing options...
baabaa Posted February 21 Report Share Posted February 21 DEMAT for NRI's chala pain. I also started because Indian Stock market is booming like crazy but opening and maintaining account is real hassle. Final ga vadilesa. Unemployed bewaas Friend/Relatives ki dabbu pampi vala login to cheyatam easy. Employed and earning friends/relatives cheyaru because it becomes a tax problem for them. But yes demat easy cheste lot of NRI's will invest more in indian stock market. 1 Quote Link to comment Share on other sites More sharing options...
bulreddy Posted February 21 Report Share Posted February 21 nenu maa sister (living in INDIA) account use chesukoni, invest chesa. now stopped. profits vaste, she have to pay taxes. Quote Link to comment Share on other sites More sharing options...
Tellugodu Posted February 21 Author Report Share Posted February 21 24 minutes ago, dasari4kntr said: are we allowed..? Yes bro. Indian markets are in good swing now. Small cap mutual funds gave 40% CAGR in last one year. For the Next one decade, we will see a good highs in Indian markets. 1 Quote Link to comment Share on other sites More sharing options...
Konebhar6 Posted February 22 Report Share Posted February 22 10 hours ago, Tellugodu said: Does anyone opened Demat account for investing in Indian equity markets/ mutual funds? If yes, can you please share the process or the platform you used to open the demat account? @dasari4kntr @Konebhar6 @ARYA @Sucker I have both ICICI (NRI) and zerodha. Zerodha is much better and much cheaper. For resident Indians charges are 0. For NRIs it’s .2%, still 4 times cheaper than ICICI. You can easily open it online in browser or phone in a few minutes. Keep documentation ready. 1 Quote Link to comment Share on other sites More sharing options...
Konebhar6 Posted February 22 Report Share Posted February 22 9 hours ago, Tellugodu said: Yes bro. Indian markets are in good swing now. Small cap mutual funds gave 40% CAGR in last one year. For the Next one decade, we will see a good highs in Indian markets. Yes India markets are reaching new highs. Esp PSUs. Blindly buy HDFC bank in bulk which is at multi year lows and is ready to race up. Look at PayTM as well. It came down a lot from the initial IPO. 1 Quote Link to comment Share on other sites More sharing options...
Konebhar6 Posted February 22 Report Share Posted February 22 9 hours ago, baabaa said: DEMAT for NRI's chala pain. I also started because Indian Stock market is booming like crazy but opening and maintaining account is real hassle. Final ga vadilesa. Unemployed bewaas Friend/Relatives ki dabbu pampi vala login to cheyatam easy. Employed and earning friends/relatives cheyaru because it becomes a tax problem for them. But yes demat easy cheste lot of NRI's will invest more in indian stock market. I used to do it on parents name and had a tax consultant who used to file taxes. Stopped it now to not bother them 1 Quote Link to comment Share on other sites More sharing options...
Tellugodu Posted February 22 Author Report Share Posted February 22 43 minutes ago, Konebhar6 said: I have both ICICI (NRI) and zerodha. Zerodha is much better and much cheaper. For resident Indians charges are 0. For NRIs it’s .2%, still 4 times cheaper than ICICI. You can easily open it online in browser or phone in a few minutes. Keep documentation ready. Thanks bro. What’s the tax implications for NRI’s ? Heard they will hold TDS for NRI accounts if we sell off any equity/MF, any idea on that? Thx Quote Link to comment Share on other sites More sharing options...
Konebhar6 Posted February 22 Report Share Posted February 22 2 hours ago, Tellugodu said: Thanks bro. What’s the tax implications for NRI’s ? Heard they will hold TDS for NRI accounts if we sell off any equity/MF, any idea on that? Thx I am not sure on stock sold. I just checked. I see GST, STT, and small other charges. But overall including brokerage is less than 1.5%. I did not see any TDS. I have an NRI account. But dividends are cut 30% TDS. 1 Quote Link to comment Share on other sites More sharing options...
Konebhar6 Posted February 22 Report Share Posted February 22 12 hours ago, Tellugodu said: Thanks bro. What’s the tax implications for NRI’s ? Heard they will hold TDS for NRI accounts if we sell off any equity/MF, any idea on that? Thx I think NRIs are not allowed to buy MFs. I mean if you have a NRI DMAT. other options to invest. Some of the most prominent stocks like HDFCBank, ICICIBank, Reddy’s labs, etc are available here in US stock exchanges. You can also invest in ETFs based on Indian stock exchanges. INDA, etc. 1 Quote Link to comment Share on other sites More sharing options...
neethy Posted February 24 Report Share Posted February 24 I have HDFC and Zerodha. Its working well, quite simple. HDFC has hdfc securities but its not good, so I went for Zerodha. Zerodha is quite simple to open, operate. I would say this is hightime for you to think about investing in India market, if you can invest before parliament elections - you can expect a high growth post Modi 3rd term. MFs are not allowed for US/Canada NRIs (others its allowed). I invest in safe ETFs, like Nifty ETFs equivalent to S&P500. good luck! 1 Quote Link to comment Share on other sites More sharing options...
Tellugodu Posted February 25 Author Report Share Posted February 25 39 minutes ago, neethy said: I have HDFC and Zerodha. Its working well, quite simple. HDFC has hdfc securities but its not good, so I went for Zerodha. Zerodha is quite simple to open, operate. I would say this is hightime for you to think about investing in India market, if you can invest before parliament elections - you can expect a high growth post Modi 3rd term. MFs are not allowed for US/Canada NRIs (others its allowed). I invest in safe ETFs, like Nifty ETFs equivalent to S&P500. good luck! Thanks bro. I decided to open with my mother name (housewife - in India) and use it for investing in mutual funds and some quality stocks. Less burden with taxes as well. Quote Link to comment Share on other sites More sharing options...
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