US discount brokers operating in India

[Swadesh9819]

Is anyone here investing in overseas securities and ETF’s through a Discount international broker registered in India?

The recent Sebi order of restrictions on investing in Overseas ETF’s and Mutual funds has got me confused.

I was investing in Mirae Asset’s FANG+ ETF but sold off all units today.

Looking for alternatives to invest in the US and other international markets.

[vaidya.atul]

I use Indmoney, although not sure if they are discount brokers or not

[royatirek]

Mutual Fund specific to Foreign Giants

Point 1 Please look into the taxes on those mutual fund exposed to the foreign stocks. According to the new rules that come into effect from April 1, mutual funds with less than 35% investment in equities will be taxed short-term capital gains (STCG) based on income tax slab levels, similar to how bank fixed deposits are taxed. Point 2 If you are applying directly through indmoney or vested, there are compliances. Major compliances are 1. Filing ITR 3 every year till you hold foreign asset…

[Sujata]

Can anyone throw some light, which option is best through
Indian MF like motilal or through US Brokers like Ind Money or Vested.

[Swadesh9819]

I’ve also come across brokers like Interactive broker. How is it going through them?

[Garry_Kevin]

I am using Interactive broker