Stuck Somewhere?
search - groww
My Tickets
My Account
Mutual Funds
US Stocks
Getting Started
About US Stocks

Am I legally allowed to invest in foreign markets?

Yes, under the RBI’s LRS (Liberalized Remittance Scheme), any Indian resident can invest up to a limit of $250,000 in a financial year in the foreign markets.

LRS also includes other remittances that you might be doing like, foreign travel, education, etc. under the same transfer mode.

In this case, it would particularly be for foreign portfolio investments.

All LRS based investments are moderated by RBI guidelines.

We hope that this answer was helpful!
How was your experience?
ⓒ 2016-2021 Groww. All rights reserved, Built with in India