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Why LRS route for investing in capital markets abroad is mainly for HNIs

Those with small amounts should skip it owing to high costs and elaborate tax-related compliances

Topics
LRS | LRS outward remittance | Capital markets

Sanjay Kumar Singh  |  New Delhi 



overseas securities
When you send money overseas, there is usually a transaction fee and an exchange rate markup

can no longer invest in overseas stocks or since they hit their $7 billion limit. They can still invest in overseas exchange traded funds (ETFs) for which there is a separate $1 billion limit (the exception are fund houses that have exhausted their individual sub-limits).

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First Published: Fri, June 03 2022. 21:30 IST

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