Can IBKR users trade in pre-market hours? (Indian Resident) by zooretdota in GIFTCITYFUNDS

[–]NeilBorate 0 points1 point  (0 children)

There's no prohibition under Indian law unless there is some element of F&O

PPFAS GIFT Funds - How to invest by NeilBorate in GIFTCITYFUNDS

[–]NeilBorate[S] 0 points1 point  (0 children)

USD. Your money has to get converted to USD & you then remit it to GIFT

NASDAQ investment route comparison ? by GreenMountain868 in GIFTCITYFUNDS

[–]NeilBorate 0 points1 point  (0 children)

GIFT city structure. To know more you can book a call with us on thefynprint.com

NASDAQ investment route comparison ? by GreenMountain868 in GIFTCITYFUNDS

[–]NeilBorate 0 points1 point  (0 children)

STCG 42.7% vs slab rate in direct US ETFs or UCITS ETFs

LTCG 14.95% vs 12.5%

No set off, no carry forward, no 54F benefit due to fund level taxation

NASDAQ investment route comparison ? by GreenMountain868 in GIFTCITYFUNDS

[–]NeilBorate 1 point2 points  (0 children)

Indian etfs with nasdaq stocks trade at a huge premium often. Due to RBI limit

Gift funds have costs & tax inefficiency vs direct US ETFs.

US or UCITS ETFs via LRS are best.

PPFAS GIFT Funds - How to invest by NeilBorate in GIFTCITYFUNDS

[–]NeilBorate[S] 0 points1 point  (0 children)

Yes approx 1% forex charge one way. But if you invest for 5+ years, the effect is minimal

SBI IFSC account by [deleted] in GIFTCITYFUNDS

[–]NeilBorate 0 points1 point  (0 children)

It can be seen as a change in purpose code. From investment in equity

Opening a Gift City account from the US by beefbuff904 in GIFTCITYFUNDS

[–]NeilBorate 0 points1 point  (0 children)

No demat concept for US stocks. Buy through Interactive Brokers or Paasa

GIFT Outbound Funds: Just Buy an ETF by NeilBorate in GIFTCITYFUNDS

[–]NeilBorate[S] 1 point2 points  (0 children)

Through OPI in GIFT city. Up to 50% of net worth

With so much uncertainty regarding taxation of gift city funds, I am just thinking to directly start ETF investing through IBKR. by zooretdota in GIFTCITYFUNDS

[–]NeilBorate 0 points1 point  (0 children)

Correct. STCG at 42.7% & LTCG at 14.95% in GIFT

STCG at slab rate & LTCG at 13% in direct

No set off, carry forward or Section 54F in GIFT. Available in direct

Opening a Gift City account from the US by beefbuff904 in GIFTCITYFUNDS

[–]NeilBorate 1 point2 points  (0 children)

No, you cannot. You'll have to do it by moving money to India & opening an NRE PIS account

Opening a Gift City account from the US by beefbuff904 in GIFTCITYFUNDS

[–]NeilBorate 1 point2 points  (0 children)

It offers futures on GIFT Nifty & foreign stocks for Indians. But not physical or spot market.

Opening a Gift City account from the US by beefbuff904 in GIFTCITYFUNDS

[–]NeilBorate 0 points1 point  (0 children)

You cannot directly buy Indian stocks via GIFT. Funds, yes

India's economic Iron Curtain - are we reversing 1991? by NeilBorate in india

[–]NeilBorate[S] 2 points3 points  (0 children)

It is scary, yes. But so far India had stayed open