How to Buy Apple, Amazon, Google Stock from India?
People are fairly confident that leading brands like Apple, Google, and Amazon will continue to grow from strength to strength. This blog will tell you how you can buy stocks of all your favourite brands.
November 7, 2024
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You may have heard more than one investment guru say that you should invest in stocks of companies you know and believe in. It is however best to consult an expert advisor who can help us ascertain which stocks to buy and how to buy them. There are of course some companies like Apple, Facebook, Amazon, Google, Starbucks that we all know and believe in.
People are fairly confident that leading brands like Apple, Google, and Amazon will continue to grow from strength to strength. This is why in this article we are going to talk about how you can buy stocks of all your favourite brands.
Before we jump into understanding how you can buy Apple, Google, or Amazon stocks let’s understand why investors buy international stocks in the first place.
You can also watch this episode of The Cube Wealth Show which talks about How to Invest in the US Stock Market from India
One of the most popular reasons people buy stocks of US Companies is to hedge against the rupee. If you invest in US Stocks you stand to gain from the strength of the dollar on top of any potentially exponential growth in the company itself.
It also ensures geographical diversification in your portfolio. Another more emotional reason to invest in international stocks is that we use these global brands on a daily basis. This gives us the confidence to bet on their growth.
How To Invest In International Stocks From India?
You can invest in international stocks from India via the Indian Government’s RBI approved LRS route. The LRS route allows you to invest as much as $250,000/year in the US. If you wish you buy specific stocks, you can easily do your KYC on Indian investment apps like Cube.
Broadly speaking, you'd be required to:
Download the app
Complete the KYC
Go through the LRS formalities
Transfer funds
Start investing
You can then set the investment amount and buy your stock. You can also search for other stocks like Amazon, Microsoft, Berkshire Hathaway, Costco, Facebook, etc. Cube gives you the freedom to invest in US Stocks with a low minimum investment of just $1! You can buy one or multiple stocks together.
How Much Investment Are Indians Allowed To Make In Shares Listed Abroad?
Indians can invest up to $250,000/Year abroad according to the RBI notification in the Liberalised Remittance Scheme (LRS). Currently $1= Rs. 75.59 that means an Indian can invest nearly Rs. 1.88 Crores overseas every year via the LRS Route.
This is more than adequate for most individual investors and ensures that large sums of money are not being moved across borders without a thorough check.
Total Investment allowed (in $)
Currency exchange Rate
Total Investment allowed (in rupees)
2,500,000
$1 = Rs 75.59
1.88 cr
Tips To Invest In Amazon, Google, Facebook Shares
There are some important things one should keep in mind when investing in stocks abroad:
Ensure you are investing under the advisory of an expert with a proven track record
Invest using an RBI Regulated broker
Keep the currency exchange rate in mind
Invest using a trustworthy app/platform like Cube Wealth
Do not invest without proper research & due diligence
Ensure you have a balanced portfolio
Do not over-diversify by buying too many stocks
Apple, Amazon, Google Stock Information At A Glance
Ticker
Name
Share Price
Market Cap
AAPL
Apple
$168.64
$2.752T
AMZN
Amazon
$3,065.87
$1.56T
GOOGL
Google
$2,682.60
$1.774T
TSLA
Tesla
$860.00
$888.819B
Frequently Asked Questions (FAQs)
Q. Can I invest in Google from India?
Ans. Yes, you can invest in Google/Alphabet from India using the Liberalised Remittance Scheme route that is permitted by the RBI. We recommend you use a trustworthy platform like Cube Wealth to do this.
Q. Can you buy shares of Amazon?
Ans. Yes, you can buy Amazon stocks from India using the Liberalised Remittance route that is permitted by the RBI. We recommend you use a trustworthy platform like Cube Wealth to do this.
Q. How do I buy Amazon stock directly?
Ans. You can directly buy these stocks through a broker. We recommend you use a trustworthy platform like Cube Wealth to purchase Amazon stocks from India. This will be done using the RBI’s Liberalised Remittance Scheme.
Q. Can I invest in Dow Jones from India?
Ans. Yes, you can invest in DOW JONES (DJI) from India. To purchase US Equities you can use the Cube Wealth App that has partnered with Stockal to help users buy US Stocks from India easily.
Q. What is Apple share price in India?
Ans. The Apple (AAPL) stock price was $168.64 as of 11-02-2022 with a market capitalization of $2.75 trillion.
Q. What is Amazon share price in India?
Ans. The Amazon (AMZN) stock price was $3,065.87 as of 11-02-2022 with a market capitalization of $1.56 trillion.
Q. What is Google share price in India?
Ans. The Google (GOOGL) stock price was $2,682.60 as of 11-02-2022 with a market capitalization of $1.77 trillion.
You can also read other stories on our blog, about how to invest outside of India. Some of them are listed below:
Rishabh P Nair is the Head Of Brand Content at Cube Wealth, the Financial Freedom App with a smart Perfect Portfolio Planner. Rishabh has been weaving stories for over 10 years and prides himself on building brands with a strong identity.
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