NSE IFSC: Opportunity to earn from US companies, buy-sell shares of Google-Tesla sitting at home.
As of now, NSE has given investment opportunities in the top 8 American companies. There are plans to add 42 more companies in the coming time. In this way, Indian investors are going to get an opportunity to invest in the top 50 American companies. Isn’t this great news?
Opportunity to earn from US companies: Opportunity to invest money in top American companies will have to open a separate Demat account
NSE International Exchange: NSE, the country’s largest stock exchange, has given great news to Indian investors. Now the long-time wish of Indian investors has been fulfilled. NSE has given an opportunity to make money by investing in the top 8 companies of America sitting at home. This facility has started from today. In the coming time, many more American companies are going to be added to the list.
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List of American companies in which you can invest your money
NSE was readying for this for a long time. The world’s biggest company Apple is also included in the American companies that have got the facility to invest.
Apart from this, Microsoft, Amazon, Google’s parent company Alphabet, Facebook’s parent company Meta Inc., Netflix, Walmart, and Elon Musk. (Elon Musk)’s electric vehicle company Tesla is involved. In the coming time, there is going to be an opportunity to invest in 42 other big companies of America.
In this way, soon Indian investors will be able to invest money in America’s top 50 companies sitting at home.
How trading will be done?
So, the answer to your question is, trading will be done from a subsidiary of NSE.
India had started the Gift City some time back for investment in foreign stock exchanges. GIFT City located in Gujarat is a kind of Global Financial Hub. NSE had formed a subsidiary a few years back to give Indian investors access to foreign stock exchanges. The name of this international exchange of NSE is NSE IFSC.
How much money can you invest and what would be the timing of investment?
Depository receipts will be issued against the shares of American companies through NSE IFSC. To invest money in these companies, investors will have to open a separate Demat account in NSE IFSC. An Indian investor will be able to invest up to a maximum of Rs 1.9 crore in American companies in this manner. Their trading will be done from Monday to Friday from 8:30 pm to 2:30 pm the next day.
If the share value of American companies is high, then it is not accessible to ordinary retail investors. For example, Tesla shares are trading around $880 today. In Indian currency, it becomes more than Rs 66,500. NSE has also solved this issue. There will be 100 Depository Receipts issued for 1 share of Tesla on NSE IFSC. In this way, according to the current value, the price of 1 receipt will sit around Rs 665. In this way, Indian investors will be able to get a chance to become a shareholder of Tesla even by investing just Rs 665.
News source: Ajtak
