I am been in US for 3 years and interested in investing in Inda Equity Market. Pl. let me know how to invest from US or any websites where I can get the details.
RE:How to invest in Equity Market in India from USA
by nishanth kollu on Nov 20, 2007 03:30 AM Permalink
just take account in icici bank for trading & demat account.. visit icicidirect.com
Safest way I believe is via your own bank. Open an account and get to understand the staff, work culture of the bank when you visit your India town locally. Then do it via them. Other non-retail banks%u2026like brokers have least regulation and so they can scam you off easily. They might even take your order and place his equivalent order, in case he feels he can make money...if he looses, he might upload it onto you; never know the various tricks. Via retail banks, you can tell them when and what to invest. Also spread across multiple stocks or funds. That will reduce your risk exposure.
Being an NRI saw an add in rediff about Hartford Capital, which incidentally was changed to Heartford Capital in October. I just put my details to them and in a week's time, I got a phone call to invest and that they were investing in Options trading and much was told about GOLD and how I would make money. I first invested $3000 and in one week for a gold option they gave me back $2000 for $1000 investment while 2 other options of $1000 each was on other commodities. Then I got again apphone call to invest more with promises for Gold options to make good money. Though I was reluctant as the other two commodity options were loosing, they convinced ne that as Gold was going up they will invest there. Unfortunately they took only Put Options, i/o Call options. They are very smart as for every option they make $250. Thus they are interested only to get out fast and reinvest. I stopped them from doing so and it was made discretionary, based only when I tell them to encash or Invest. If I had not done so, i would have lost more. I could at last loose only $500 in total while they made $2750. Thus be very careful and I suggest not to invest in now Heartford Capital. They also make money on the transfer of funds as they claim heavy charges for wire transfer. THUS BE AWARE of "HEARTFORD CAPITAL" and don't be a Loser like me.
I am an NRI. Could anyone provide me with the names and addresses of any good brokerage houses that are based in Dubai that I could use to invest in Indian equity markets.
RE:Brokerages in DUBAI please?
by nishanth kollu on Nov 20, 2007 03:34 AM Permalink
Bur Dubai, UAE Phone: 9714-3978752/53 Fax: 9714-3978345 Contact Person: Mr Siddharth Razdan Email : sid_razdon@karvy.com
