9point Capital

You can start investing in US stocks in 3 easy steps:

1. Open Account: 9Point Capital offers hassle free international trading account activation. It takes less than ten minutes to submit the application.
2. Fund Account: Add funds to your 9Point Capital USD balance by transferring money from your bank account to the account of the US-based beneficiary.
3. Start Investing: 9Point Capital offers investing in US stocks and ETFs. We support both, market and limit orders.

Yes, Indians can invest in the US stock market using the RBI’s Liberalized Remittance Scheme which allows investors to invest up to US$ 250,000 per year per individual.

We do not impose a minimum investment. However, there would be a minimum amount requirement from your bank to transfer the funds. Kindly check with your bank to confirm.

No, you do not require a separate bank account in the US for Investing in the US stocks. You can use your Indian bank account to fund your brokerage account via LRS and then trade directly.

There are two types of orders you can place which are as below:

• Market Order: A market order is a buy or sell order to be executed immediately at the current market prices.
• Limit Order: A limit order is an order to buy or sell a stock at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. A limit order is not guaranteed to be executed.

Your brokerage account is managed by ViewTrade International IFSC Private Ltd. (VTI IFSC). VTI IFSC works with VTS for trade clearing and custodian aspects of user accounts.

VTS is registered as a securities broker-dealer with the US Securities Exchange Commission (“SEC”), (SEC# 8-51605) and is a member of the Financial Industry Regulatory Authority, Inc.(“FINRA”) (CRD# 46687); and Securities Investor Protection Corporation (“SIPC”).

No, Intraday trading of U.S. stocks is currently not permitted due to regulatory prohibitions.

Yes, you will earn dividends for the shares in your portfolio. Dividends are distributed proportionally to the number of shares you own, with the amount rounded down to the nearest cent. For example, if you hold 50.003 shares and the declared dividend is $55 per share, your total dividend would be $2,750.17.

All trades are executed at NYSE and NASDAǪ, which are routed via Smart Order Routing (SOR) system.

Currently, it is not possible to directly subscribe to US IPOs. At the moment, we make companies available immediately post- IPO. However, in the near future, we will open up investing into US IPOs.

Yes, we currently offer this service for HUF and business entity accounts. For more information, you can contact us at invest@9point.capital.

An account closure form needs to be filled out and submitted to us. Please write to us by email: grievances@9point.capital and we shall assist you with the form. Also, kindly mention the reason for closing the account.

You can transfer funds from your brokerage account to your Indian bank account anytime. Simply enter the amount, submit a withdrawal request, and the funds will be credited to your account within 1-3 working days.

As an Indian Resident, due to compliance reasons you can only use an Indian bank account
to add to your brokerage account USD Balance.

Note: The name on your bank account should match the name on your PAN card. You can transfer funds using only the bank account you verify after the account opening process is completed.

There are no minimum amount criteria you need to add to invest in US Stocks via our broker partner. However, we recommend adding at least $100 to your brokerage account USD balance.

Money that is sent outside India must go through multiple compliance checks and follow RBI guidelines. It usually takes up to 4 working days after the transfer is initiated for the money to reflect in your brokerage account USD Balance.

Since investing in US stocks involves international transactions, the method to add USD to Broker account balance is different from the method for adding INR. You need to transfer money from your bank to the account of our broker partner. After the transfer is complete, our broker partner will update the amount in your USD balance.

You can link up to 3 bank accounts to your US Stocks account. You can choose among any of these US Stocks linked bank accounts to transfer funds to your USD wallet.

Note: The bank account should support outward remittances.

Usually, there are no additional costs involved with your regular investing in US stocks. However, if you choose to avail any of the following miscellaneous services, you may have to pay a certain fee for them (as below):

*The charges, fees, and other pricing information provided are subject to change at any time without prior notice. While we strive to maintain accurate and up-to-date information, the final charges applicable to any transaction or service will be determined at the time of execution.

9Point Capital charges ZERO fees for funding your USD balance. For any foreign funding transaction, banks generally charge a forex conversion rate and a service charge plus GST for every outward remittance. Depending on your bank, this may range from Rs. 500 to Rs. 1,000. There are no other hidden charges for funds transfer.

The foreign exchange rate is set daily by your bank.

Under the Double Taxation Avoidance Agreement (DTAA) between India and the U.S., no tax is deducted on capital gains in the U.S. for Indian residents. However, in India, capital gains tax is applicable on profits from U.S. stock investments. Long-term capital gains (for holdings over 24 months) are taxed at 12.5%, while short-term capital gains (for holdings under 24 months) are taxed according to the applicable Indian income tax slab.

If you receive a dividend, your U.S. tax liability will be 25% (subject to the DTAA). This tax will be withheld before you receive your dividend, meaning you’ll receive 75% of the dividend amount in your brokerage account. The good news is that you can claim a foreign tax credit for the U.S. tax paid, which can be used against your tax liability in India.

As per the Finance Act (2020), the TCS rate for remittances under the Liberalized
Remittance Scheme (LRS) for investment in foreign assets are as follows:
● If the remittance exceeds ₹7 lakh in a financial year, TCS will be applicable @20%
● For amounts upto ₹7 lakh, TCS is levied @5%.