The idea is to make Indian stock market accessible to NRIs, who look for right investment opportunities back home
India’s major trading platform Invest19 is planning to launch investment gateway for NRIs which will be operational by November-December this year.
The idea is to make Indian stock market accessible to NRIs, who look for right investment opportunities back home.
“The online multi-broker trading platform is going to launch a one-click investment feature for NRIs, where they can actively take part in the Indian stock market, without being present in the domestic territory of the country,” the company said in a statement, PTI reported.
Countries like the US, UK, Australia have more than one per cent population of Indian origin, Canada has over 4 per cent. So the opportunities are huge for the Indian investors through the online portal
Kaushlendra Singh Sengar, Founder and CEO, Invest19 said, “There is a certain percentage of the Indian population staying outside India, who till now does not have easy access to the stock market in India. Recently, we have seen a surge in emigrating population thus increasing NRIs. There is no such platform available for them, where they can actively invest in the Indian stock market.”
Countries like the US, UK, Australia have more than one per cent population of Indian origin, Canada has over 4 per cent. “In the time of globalisation and global-local, we must come up with creative ideas like Invest19’s feature for NRIs, that will erase the virtual boundaries for financial participation in their home nation,” he said.
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