Are you looking to expand your investment portfolio beyond Indian stocks and explore the vast opportunities available in the United States? Investing in US stocks from India can be a wise decision, considering the diverse market opportunities and potentially higher returns. Groww, an online investment platform, makes it easier than ever to invest in US stocks. In this article, we will guide you through the process of investing in US stocks from India using Groww.
Why Invest in US Stocks?
1. Diversification: Investing in US stocks can help you diversify your portfolio, reducing the risk associated with a single market.
2. High Returns: The US stock market has historically offered higher returns compared to the Indian market.
3. Innovation and Growth: The US is home to numerous innovative companies and industries, offering significant growth opportunities.
Steps to Invest in US Stocks from India Using Groww
Step 1: Create a Groww Account
To start investing in US stocks, you need to create a Groww account. Visit the Groww website and fill in the required details to register.
Step 2: Link Your Bank Account
Once your account is created, link your Indian bank account to the Groww platform. This will allow you to transfer funds for investment purposes.
Step 3: Activate Your DEMAT Account
To purchase and hold US stocks, you need a DEMAT account. Groww offers a DEMAT account with the help of its partner, BSE Star. Activate your DEMAT account by filling in the necessary details and submitting the required documents.
Step 4: Transfer Funds
Transfer funds from your linked bank account to your Groww DEMAT account. You can transfer funds either through NEFT or RTGS.
Step 5: Research and Select Stocks
Once you have transferred funds to your DEMAT account, research and select the US stocks you want to invest in. You can use Groww’s research tools and features to analyze the stocks and make informed decisions.
Step 6: Place Your Order
After selecting your desired stocks, place an order through the Groww platform. You can choose between market order, limit order, and stop-loss order, depending on your investment strategy.
Case Study: Investing in Apple (AAPL)
Consider investing in Apple Inc. (AAPL), one of the leading technology companies in the world. As of 2021, Apple has a market capitalization of over $2 trillion, making it the highest-valued company globally.
By investing in Apple using Groww, you can gain exposure to the tech industry and potentially benefit from the company’s continuous growth and innovation.
Investment Amount: ₹1,00,000
Stock Price: ₹1,60,000 (assuming an exchange rate of 1 USD = ₹75)
No. of Shares: 6.25 shares
Total Investment: ₹1,00,000
By investing in Apple, you would have exposure to one of the most successful companies in the world, potentially earning high returns in the long term.
Conclusion
Investing in US stocks from India using Groww is a convenient and accessible option for investors looking to diversify their portfolios and explore international market opportunities. By following the steps outlined in this article, you can start investing in US stocks and potentially benefit from higher returns and growth.
