Under exchange control regulations, resident Indians are permitted to draw foreign exchange up to $250,000 per year for various purposes, including overseas travel and investment. In recent times, a large number of investors have been tempted into investing in overseas listed stocks, given the lure of better returns, with the added benefit due to the depreciation of the Indian rupee vis-à-vis the foreign currency. Many banks and brokers offer this facility of investing directly in overseas stocks. Moreover, a large number of domestic mutual funds have recently launched fund of funds (FoF) or schemes that also invest in such foreign stocks. From a taxation perspective, is it better to invest directly in overseas stocks, or to invest through schemes offered by domestic mutual funds?
Financial Terms Like Mutual Fund, IPO and Bond Now In Sign Language For Differently-Abled
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