Why Invest With Us
Investing in the US Stock Market
Frequently asked questions
How do I invest in the US market?
What are the documents required to transfer money to invest out of India?
How do I fund my account?
Just click on the "Add funds" button available in many places post sign-up and enter the amount you want to send to your brokerage account.
If you are an Indian Resident, you will be remitting money under RBI's Liberalised Remittance Scheme (LRS). Currently, ICICI, IDFC, and HDFC Bank account holders can complete the LRS process online by signing into our platform and following the steps mentioned for fund transfer. It's likely that Stockal already has a tie-up with your bank - we have tied-up with most domestic banks to get our clients good forex rates and to help with fund transfers.
How do fractional shares work?
Which Stock Markets are available on Nivesh MItr's Global Investing Platform?
Is there any tax implication on transfer / remittance of funds for making investment in foreign securities?
Transfer of funds into an external platform would not result in any profit/gain as it involves only transfer of funds to self. Further no transaction has been undertaken / executed resulting in any transfer of any asset.
However, w.e.f. 1st October 2020, any foreign remittance by resident individuals under Liberalised Remittance Scheme framed by RBI may trigger TCS (Tax Collection at Source) provisions which requires collection of tax by an authorised dealer at 5% (10% in case of non-PAN / Aadhar cases) where the total foreign remittance including transfer of funds exceeds INR 7,00,000 per annum. In this regard, transfer of funds into Stockal platform by way of foreign remittance may attract TCS. However, it is pertinent to note that AD would be liable to collect TCS @ 5% on the amount exceeding INR 7,00,000
All investments involve risk and the past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against the loss, in a down market. There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. Investors should be aware that system response, execution price, speed, liquidity, market data, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors.
Nivesh Mitr makes no warranties or representations, express or implied, on products and services offered through the platform. It accepts no liability for any damages or losses, however, caused in connection with the use of related services.
All information placed on this website is for informational purposes only and does not constitute as an offer to sell or buy a security. Further, any information on the website is not intended as investment advice. Certain hyperlinks or referenced websites on the Site, if any, are for your convenience and forward you to third parties’ websites, which generally are recognized by their top-level domain name. Any descriptions of, references to, or links to other products, publications or services does not constitute an endorsement, authorization, sponsorship by, or affiliation with Nivesh Mitr with respect to any linked site or its sponsor unless expressly stated by Nivesh Mitr. Any such information, products or sites have not necessarily been reviewed by Nivesh Mitr and are provided or maintained by third parties over whom Nivesh Mitr exercise no control. Nivesh Mitr expressly disclaim any responsibility for the content, the accuracy of the information, and/or quality of products or services provided by or advertised on these third-party sites.
Nivesh Mitr role here is limited to a Referrer. Nivesh Mitr will introduce the customer to the platform provider Stockal post which clients will be directly sharing their details to third party stockbroker Drive Wealth. Once customers have been referred, they are solely responsible for any and all orders placed by them, and understand that all orders are unsolicited and based on their own investment decisions. Nivesh Mitr and any of its employees, agents, principals, or representatives DO NOT: provide recommendations of any security, transaction, or order; provide investment advice; produce or provide research to any user regarding any security, transaction, or order; handle funds or securities related to securities orders or effect the clearance or settlement of a user’s trades done through Global Investing.in solution provided by Stockal Inc. and DriveWealth LLC. All processes including KYC will be executed by Drive Wealth & Stockal directly with the client and Nivesh Mitr will not incur any personal financial liability.
Investment in the securities market are subject to market risks, read all the related documents carefully before investing. Mutual fund investments are subject to market risks, read all scheme related documents carefully.
Check the background of DriveWealth, LLC on FINRA’s Brokercheck here. Under SIPC, all securities accounts are protected up to $500,000 (including $250,000 for claims on cash). More details available here.