5 things to know about investing in foreign markets
investing opens the door to industries and companies with promising prospects that are not present in the local markets. 2.Fluctuations can improve or cap the returns as a rise in the value of an investment can be offset by a decline in foreign currency.
3.As per the RBI notification in Liberalised Remittance Scheme (LRS), an Indian resident individual can invest up to $2,50,000 overseas per year. 4.One can invest via local brokers with international tie-ups, or international brokers, or rupee-denominated mutual funds that invest in international markets.
5.For overseas investments, TCS on remittances of over Rs.7 lakh, earlier levied at 5%, has been hiked to 20% from 1 July.Content by Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.
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