HDFC Securities partnered with Stockal to introduce Global Investing.in, exclusively for its customers. Now, they can buy/sell shares of companies like Apple, Google, JP Morgan, Tesla and more; or invest in thematic ETFs from Robotics to Pharma to Energy; or just save money safely in the US for future education needs etc. all in just a few clicks.
One of the fundamentals of investing is diversification, used as a hedging tactic against any unforeseen scenarios. Historically, diversification meant buying properties, investing in gold and creating fixed deposits. Over the past decade, with the increasing number of demat accounts, Indian investors are moving towards creating a balanced portfolio - parking money in direct equities and mutual funds. With a considerable amount of Indian populace settled abroad, remittances in and out of the country have also increased. However, individual Indians have sent over $35 billion overseas (via RBI’s LRS) since 2015 where most of this money was ‘spent’ rather than being invested.
Expanding the spectrum of investment opportunities, HDFC securities introduces global investing to its customers who can now make and manage investments in the US financial markets. This will not only be an opportunity to diversify investments internationally but also to invest in specific global growth stories or simply invest in popular US companies listed on NASDAQ. Multiple Indian bank relationships have been created on the platform to ease the process of LRS and reduce forex load on investors looking to invest outside of India.
In an attempt to nudge customers of HDFC securities to benefit from US markets, this unique proposition has been given shape. Through investment diversification in a developed market, one can expect to be slightly insulated from India-specific shocks (political shocks, economic, rupee crisis). Being an extremely well regulated market with complete transparency and stringent disclosure protocols, US markets can easily find a sweet spot in the Indian portfolio content.
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