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NRIs Via These Available Options Can Invest in Indian Stock Markets


If you are an NRI and Indian stock market movements fascinate you and you wish to take a call in it then worry not as some simple options enable easy management of these investments. Here's a note of all such options:

 NRIs Via These Available Options Can Invest in Indian Stock Markets

Power of Attorney : In order that the associated paper work etc in relation to stock market investment gets executed without any hassles we suggest you to draw of power of attorney for some person who can act on your behalf here in India. In prescribed format on the stamp paper mentioning the sole purpose such that investments can be made as well as redeemed and also all necessary paper work is completed well in time.

Investments done through the POA route need a notarized copy of the POA together with the KYC documents of the person holding the POA.

Online stock market investing is another option: For those of you who do not wish to engage in another person, you can still go for the online route of investing and get a trading account opened for you with some respectable broker as some of these do provide dedicated trading portals for NRIs. Nonetheless, the different time zones can make it difficult for NRIs to invest through the trading portals online.

Mandate holder : To carry out dealing with the banks for the purpose of investing in shares, a local mandate holder can be appointed by the NRI to operate the NRE account in India. After the registration of the mandate holder is done with all the KYC formalities together with his or her signatures he is authorized to carry out all banking transactions on behalf of the NRI citizen.

In case a mandate holder has been assigned for carrying out the investments then NRI citizen has the power to specify a maximum debit limit from his account by the mandate holder.

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