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  #1  
Old 17th October 2007, 07:55 PM
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Default how to invest



Hello,

I live in US(green card status) for last 3 years, can anyone let me know how do i invest from USA. Can i do it online or i have to have a broker through whom i should do the transaction.

Please advise
PPPN
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  #2  
Old 17th October 2007, 10:08 PM
Sachin Asher
 
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Do you have a bank account in India?

You will need a bank account in India to be able to invest here.

It may be NRI, NRE etc.

You have to trade via a broker, but many brokers offer online trading platforms, so that is not an issue.
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Old 18th October 2007, 08:30 PM
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Default names of online brokers

Hello,

Can you let me know some of the online broker trading firms ?

PPPN
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Old 18th October 2007, 10:21 PM
Sachin Asher
 
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for investing in India, you will need three accounts:

-one online trading account with a broker.
-one demat account with the same broker - this account will hold your shares.
-one bank account with an Indian bank.

================================================== ==

The leading online broking firms in India are

indiabulls.com
5paisa.com
sharekhan.com

If you are an investor and don't intend to do much trading, then icicidirect.com would be a good choice for you. the site tends to be a bit slow and thus is not recommended for active traders. otherwise it is an excellent service.

if you have a trading aaccount with other broking firms, you have to shift money from your bank to them for being able to trade.

however, if you have an icicidirect.com and an icici bank account, you can trade using the money in your bank as a margin. you need not move money between your broker account and bank again and again.

https://secure.icicidirect.com/custo...n_acct_nri.asp

similarly you can have an account with hdfcsec.com and hdfc bank.

http://hdfcsec.com/Common/NRICustomerAccount.aspx
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