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Investing in Indian equities

Last post 15 Apr 2008, 10:20 AM by anandp. 2 replies.
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  •  15 May 2007, 12:44 PM 267701

    Investing in Indian equities

    Does anyone have any experience or guidance on investing in individual equities in India from the UK?

    The only I can find is to set up an expensive Demat account with an Indian bank and operate through there.  Does anyone know of any UK-based brokers who can buy on your behalf in the Indian market, the BSE (Bombay Stock Exchange)? 

    I already have some funds there, but would prefer to have direct market access so I can purchase individual equities.

    AP 



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  •  24 Nov 2007, 10:15 AM 386605 in reply to 267701

    Re: Investing in Indian equities

    An amazing lack of response here!!!

    I managed to do some more in-depth research on what is available and it turns out you need 3 accounts to operate:

    1. Indian bank account (for transfer of monies used in buying/selling)
    2. Indian brokerage account (ensure the brokerage is registered with the RBI - Reserve Bank of India)
    3. Demat account (essentially a bank account for your shares)

    If anyone wants more info, feel free to get in touch.

     AP
     



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  •  15 Apr 2008, 10:20 AM 473132 in reply to 386605

    Re: Investing in Indian equities

    Just in case anyone comes across this thread with similar questions, I've done a ton of research on this and now have many answers so if interested, feel free to reply to this thread.


    I have enabled a email aubscription so should get notification of any new messages here.

     
    Anand 



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