slide

5 things to keep in mind before investing in foreign markets 

Indian investors looking to diversify globally need to be aware of the Liberalised Remittance Scheme guidelines.

The LRS allows investments of up to 250,000 dollars per fiscal year for individuals.

Recent changes have raised tax collected at source rates from 5% to 20% for funds remitted through LRS for certain purposes.

The new tax rate comes into effect on October 1, 2023, so it's advisable to complete planned foreign investments by September 30, 2023, to benefit from the lower TCS rate.

Several factors should be considered before investing abroad, including financial goals and risk tolerance.

Currency risk is a significant consideration, as fluctuating exchange rates can impact returns.

Understanding tax implications is crucial, especially in countries with double taxation treaties.

Compliance with legal and regulatory requirements in the target country is essential.

Diversification in various investment vehicles, such as stocks, bonds, mutual funds, ETFs, and real estate, should align with goals and risk tolerance.

Click here to know more about investments in foreign markets. 


Check here for more personal finance-related stories. 

5 things to keep in mind before investing in foreign markets

Understand the LRS limits and tax rates before investing abroad. Consider factors like financial goals, risk appetite, exchange rates, tax laws, and country regulations, before investing abroad. ETFs can be a good way to start off due to lower minimum investment requirements.

Mark Cuban's 5 financial tips that turned him into a billionaire

Mutual Funds: How to add nominee details by September 30 to avoid MF folio getting frozen?

Common errors that could lead to flawed ITRs. How to avoid them?

Highest interest rates on fixed deposits: 5 banks give over 7.5% to senior citizens

Valuation: 4 key lessons from Aswath Damodaran’s to take away

Physics Wallah launches education-focused fund; to give 6% per annum for 36 months

NFO Alert: All you need to know about Motilal Oswal Developed Market Ex US ETFs Fund of Funds

Ray Dalio's key debt advice: The good, the bad, and the avoidable

Can the newly-employed plan for their retirement by saving only ₹5,000 a month?

MF central: Manage accounts with multiple fund houses at one unified platform; Here's how

Holding a number of mutual funds in a number of AMCs is not uncommon. It is, therefore, vital to manage all accounts with ease and comfort

Stock Check: JSW Infra jumps almost 100% from IPO price in 5 months; should you still buy?

Currently trading at around ₹236, the newly listed JSW Infra has surged almost 100 percent jump from its IPO price of ₹119 in less than 5 months. Technical and fundamental experts suggest if you should still buy the infra stock.

Axis Mobile App ranks top position on NPS leaderboard

According to a survey, Consumer awareness was most notable for payment platforms such as Paytm, Google Pay, and PhonePe. However, when it comes to Net Promoter Score, Axis Mobile App claims the top position with a score of 59, followed by ICICI Bank's iMobile Pay, and then BHIM.

Weekend Wrap: From Trent to Adani Power, top news and market movers this week: 27 October 2023

The stock market cycle is always a few months ahead of the economic cycle.

From top news makers to market performance, here's the market wrap for the week ended 27 October 2023.

Why rebalancing a portfolio provides a safety net against volatility?

Investing isn't a 'set it and forget it' game.

Rebalancing a portfolio provides a safety net by helping control volatility and minimizing the impact of market downturns, even though it may not always yield higher returns compared to an unbalanced, equity-heavy approach

5 things to keep in mind before investing in foreign markets

Understand the LRS limits and tax rates before investing abroad. Consider factors like financial goals, risk appetite, exchange rates, tax laws, and country regulations, before investing abroad. ETFs can be a good way to start off due to lower minimum investment requirements.

Topics to follow