Vested<\/a>, you have to follow a lengthy procedure to transfer funds from India to your DriveWealth account in the US.<\/p>\nHowever, with INDmoney, you have an option to fund your account via UPI. If you’re using the Paytm app, you can use it to transfer funds in one click.<\/p>\n
Step 4: Transfer The Funds to Your DriveWealth Account<\/h2>\n
Once you’re done funding your IND Super Saver account, you can initiate the transfer of your funds to your DriveWealth account linked with your INDmoney profile.<\/p>\n
This transfer would take about 1-3 days. It may take more than that, maybe 7 days too. You can always reach the INDmoney support team in case you need any clarification or assistance.<\/p>\n
You’ll need to upload your ITR or Bank statement the first time you initiate this transfer. Then after, it’s not needed.<\/p>\n
Step 5: Purchase The US Stocks via INDmoney<\/h2>\n
When the transfer to your DriveWealth account is completed, you will receive an email as well as an IN-app notification from INDmoney.<\/p>\n
You can then begin investing in US stocks. You can place a stock purchase order throughout the day – but the markets open at 7 PM IST. This means orders placed before 7 PM in India will be queued and executed about 1-3 minutes after the US stock market opens.<\/p>\n
INDmoney has a really nice interface or US stocks section. You can analyze historical charts of the companies, compare multiple companies in the same sector, monitor your gains\/losses, XIRR and completed transactions.<\/p>\n
![\"\"](\"https:\/\/i0.wp.com\/aayushbhaskar.com\/wp-content\/uploads\/2021\/09\/Tesla-stock-overview-INDMoney.png?resize=412%2C863&ssl=1\")
<\/p>\n
You don’t have to purchase 1 unit of the stock like you have to do in India. Well, it’s the same in the US stock market technically, but since INDmoney is using DriveWealth as an intermediary, you can purchase fractional shares of the stock. If you want to buy $100 worth of shares, you can do so and you will be allotted shares equivalent to $100.<\/p>\n
Plus, you can also invest in the IPO of US-based companies. Investing in US IPO is an exclusive feature by INDmoney as currently, no other platform is offering it.<\/p>\n
Ans you can sell these shares whenever you want and withdraw funds directly into your bank account in India. However, you will have to pay a $20 withdrawal fee.<\/p>\n
Congratulations! – You can now periodically invest in the $51.30 trillion valued US stock market.<\/p>\n
If you’ve any questions, let me know in the comments below.<\/p>\n![\"\"](\"https:\/\/i0.wp.com\/aayushbhaskar.com\/wp-content\/uploads\/2021\/09\/invest-in-us-stocks-using-Indmoney.png?w=800&ssl=1\")
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INDmoney has recently released a new feature that allows you to invest in the US stock market without paying any remit charges. It’s not just about charges, they’ve made it super easy to fund your US Stocks account as well. This means the whole process is as simplified as investing in the Indian stock market. …<\/p>\n![\"\"](\"https:\/\/aayushbhaskar.com\/wp-content\/uploads\/2021\/09\/invest-in-us-stocks-using-Indmoney.png\")
","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":1,"featured_media":4112,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[38,4],"tags":[109,41,108,160],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/aayushbhaskar.com\/wp-content\/uploads\/2021\/09\/invest-in-us-stocks-using-Indmoney.png","acf":[],"yoast_head":"\n
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