Finance, Forex and Investments

How does an NRI invest directly in Indian market equities like State Bank of India that do not have ADRs?

I would like a complete list of Indian equities that an NRI can invest in directly through a US Brokerage company. Thanks

Public Comments

1. for information, please contact me at rajallb@gmail.com
2. You have to open a 3-in-1 account i.e. a demat account with a Depository Participant, a trading account with a broker and a savings account with a bank. There are many banks which have all three accounts linked so that you can trade online. ICICI Bank, HDFC Bank, Reliance Money are some of the names. Last one is a broking cum DP, but has arrangements with many banks whose account can be linked to their portal. Reliance Money is also largest online portal. Once you have opened the account, you can purchase SBI shares online. Money will be debited to your bank account and shares will be credited to your demat account. Exact reverse process will happen when you sell shares.
3. Hi I would like you to consult Midson Care- A professional care taker organization specially designed for helping NRI's and their family back home in India. I am sure they can provide you the best information and options available for you as you are also an NRI. You can follow the link to get the more information about this organization. http://www.midsoncare.com/about-us.html Best of luck