By Admin 
International Investment Tips: Indian investors always invest in the country’s stock market. But ever since the news related to the IPO of Elon Musk’s company SpaceX is coming out, Indians have also started showing interest in investing abroad. In such a situation, efforts are now underway to make it easier to invest abroad even while sitting in India. Let us tell you how.
Invest abroad while sitting in India
Actually, there are many such apps in India which provide platforms to Indian investors for easy investment, but through these, investment can be made only in India. However, now Indian investors can invest in foreign companies even while sitting in the country. Such that according to the reports of Money Control, 4 Indian investment apps are being made international platforms. That means, with their help, now you will be able to invest in foreign markets from India itself.
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Which are these apps?
According to the International Financial Services Centers Authority (IFSCA), the country’s top four brokers Zerodha, Groww, Angel One and Upstox have got approval to facilitate investment in international and US stocks through GIFT City. This news is very happy for Indian investors.
When will it be launched?
A source related to this has spoken to Moneycontrol, who has said that it will take two to three months to complete the technology, testing and compliance work. This means that at present it will take about three months for its launch. After which Indian investors will be able to easily invest abroad through these platforms.
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After launch, while Zerodha and Upstox will act as broker-dealers, Groww and Angel One will act as Global Access Providers (GAP). According to sources, to make international investment possible, Zerodha and Upstox will trade through foreign clearing firms Viewtrade International, Interactive Brokers and Alpaca Securities.
Another source said, ‘These particular firms have deep relationships with US broking firms (like Charles Schwab, Robinhood, etc.), which make trading in international stocks easier.’