Yes, it is 100% legal. The Reserve Bank of India (RBI) allows resident Indians to invest up to $250,000 per financial year under the Liberalised Remittance Scheme (LRS).
What is the minimum amount needed to start?
There is no high minimum investment barrier. With fractional shares on Groww, you can start investing in top US companies with as little as $1.
Can I buy fractional shares of expensive stocks like Amazon or Google?
Yes! Fractional shares allow you to buy a fraction of a single share (e.g., 0.01 or 0.1 share), so you can invest whatever amount fits your budget.
How do I add money to invest in US stocks?
You can fund your US investment account digitally via net banking with supported banks through the LRS process directly in the app.
Are there any charges or fees involved?
Groww charges ₹0 account opening fee and zero maintenance charges. Transaction brokerage and standard bank remittance charges apply with full transparency.
How are US stock investments taxed in India?
Gains on US stocks held for up to 24 months are treated as short-term capital gains and taxed at your income tax slab rate. Gains held for more than 24 months are treated as long-term capital gains and taxed at 12.5% (as per recent Finance Act provisions) without indexation.
Can I sell my US stocks and bring the money back to India?
Yes, you can sell your US stocks anytime during market hours. The proceeds can be transferred back to your Indian bank account seamlessly.
Is my money and investment safe?
Investments in US stocks on Groww are held with regulated US broker-dealers and protected under SIPC (Securities Investor Protection Corporation) insurance up to $500,000 (including up to $250,000 for cash claims).
Which US stocks can I invest in on Groww?
You can invest in thousands of NYSE and NASDAQ listed companies including Apple, Tesla, Google, Microsoft, Amazon, Nvidia, and top index ETFs like S&P 500 and NASDAQ 100.
Do I get dividends on US stocks?
Yes, dividends paid by US companies will be credited directly to your US brokerage account after deduction of applicable US withholding tax.