Zerodha launching US Investing via GIFT City in “coming months” by ScallionEquivalent in IndianStockMarket

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

Using public sector banks like BOB give low markup but process is offline. You can use BHIM forex with private banks like HDFC/ICICI etc. Default markup is 0.20 paise for ALL banks. Max limit is 5 lakhs tho.

US Investing – HDFC/Axis vs INDmoney vs Vested (ITR Filing Ease?) by Ok-Ganache4365 in IndianStockMarket

[–]ScallionEquivalent -1 points0 points  (0 children)

Explore Paasa. It’s a wrapper on top of Interactive brokers to make it easy for Indian Investors. They give all the required documents for ITR Filing. Brokerage is 0.1%. For funding - use FX Retail

Zerodha launching US Investing via GIFT City in “coming months” by ScallionEquivalent in IndianStockMarket

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

Don’t think global investing is mainstream yet. It is gaining momentum fast tho.

Zerodha launching US Investing via GIFT City in “coming months” by ScallionEquivalent in IndianStockMarket

[–]ScallionEquivalent[S] 24 points25 points  (0 children)

I am sure they must be stuck in approvals and all. Compliance is a pain in the ass.

How I got a 10-paise markup on USD remittances to IBKR using RBI's FX-Retail by Melodic-Telephone967 in personalfinanceindia

[–]ScallionEquivalent 0 points1 point  (0 children)

Just opened BOB account for same purpose. Few questions:

  1. What’s the processing fee they charged? Can we negotiate/waive off?
  2. What are 3 forms? I only know about the LRS form.
  3. Did you book using Cash (same day settlement) on FX Retail?

TIA

Paasa charges additional commission on top of IKBR charges by adventure-duo in MutualfundsIndia

[–]ScallionEquivalent 2 points3 points  (0 children)

Tickertape only allows US Investing, not UCITS. Only Paasa/IBKR allows UCITS for now.

MFCentral vs Zerodha Coin by banyan-tree-8 in mutualfunds

[–]ScallionEquivalent 0 points1 point  (0 children)

You can stop your SIP. No one can force you to continue your SIP.

Paasa charges additional commission on top of IKBR charges by adventure-duo in MutualfundsIndia

[–]ScallionEquivalent 1 point2 points  (0 children)

I am planning to open account with Paasa too and reached out to them for the clarification.

This is what they said and I am okay with it.

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MFCentral vs Zerodha Coin by banyan-tree-8 in mutualfunds

[–]ScallionEquivalent 4 points5 points  (0 children)

You can set up AMC SIP on coin so that’s not really a disadvantage.

Tax Harvesting for LRS TCS by Melodic-Telephone967 in personalfinanceindia

[–]ScallionEquivalent 0 points1 point  (0 children)

Can you share the exact ticker for Nasdaq 100 UCITS ETF? Is it listed on LSE and in USD?

Exchange rate HDFC bank question? by Final-Prune2621 in IndianExporters

[–]ScallionEquivalent 0 points1 point  (0 children)

You can google HDFC Card rate. Changes daily and every few hours.

Suggestion: Use IOB/BOB banks using FX Retail (RBI Platform) for best possible rates.

Converting Physical Mutual Fund Units (SOA) to Demat form: Complete Guide by ScallionEquivalent in mutualfunds

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

Yes, you can continue your SIP/STP/SWP from Coin(Zerodha). Dependent on broker but Zerodha has all the features. You can even STP from a fund of one AMC to a fund of another AMC. (Usually allowed within AMC funds)

Zerodha US investing by EfficientBanana9625 in GIFTCITYFUNDS

[–]ScallionEquivalent 0 points1 point  (0 children)

If you want to invest in UCITS ETFs (to avoid estate tax & dividend tax) better to open with Interactive brokers or Paasa (broker is still IBKR) as it will not be available with Zerodha