According to a recent report, over 95% of total global market capitalisation is located in markets beyond India's borders. Investing globally helps diversify away from domestic risk, enhances potential returns, and offers currency benefits. It also gives investors access to high-growth sectors and global brands thriving in economies outside India.

You can invest in international stocks with SMC IFSC if you fall into one of these categories:

• Individual Resident Indians (via LRS Scheme)
• Non-Resident Indians (NRIs) / Overseas Citizens of India (OCIs)
• Foreign Investors

You can transfer money or invest overseas for investment purposes via the Liberalised Remittance Scheme (LRS). This scheme allows a threshold of up to USD 250,000 to be remitted (sent) abroad every financial year.

When you invest in international stocks through SMC IFSC, your investments are held by regulated custodians approved by the International Financial Services Centres Authority (IFSCA). SMC IFSC's Global Access platform is offered in partnership with international brokers who execute and clear trades.

Like any investment, global investing carries its own set of risks, including:

• Market volatility
• Regulatory and taxation differences
• Currency risk
• Geopolitical concerns, and more

Every investment made via the SMC IFSC Global Access Platform falls under the RBI-LRS scheme limit of USD 250,000 per financial year. You cannot exceed this prescribed limit.

For example, if you invest USD 180,000 in global stocks and spend USD 70,000 on international education in the same financial year, your total remittance is USD 250,000 — fully utilising your LRS cap. Any further investment in the same cycle would require prior clearance from the RBI.

No. Investors can use their existing bank account to remit or receive funds.

For wire transfers (fund transfers), crediting typically takes 1 to 4 business days, depending on the bank.

Yes. Access to research reports, fundamental data, and technical analysis tools is available on the SMC IFSC Global Access integrated terminal at no additional cost.

As per RBI guidelines, margin/leverage trading is not permissible for Resident Indians. However, GIFT IFSC entities allow Foreign Residents to trade on margin/leverage, as permitted in their respective jurisdictions.

The SMC IFSC Global Access Platform offers a single, integrated account that supports multiple currencies for buying and selling stocks on global exchanges.

The LRS scheme is not available to corporates, partnership firms, HUFs, Trusts, etc. However, if a corporate has RBI approval to hedge an underlying exposure on international exchanges, it can open an account with SMC IFSC Global Access.

For IFSC entities and Non-Resident Indians, intraday trading is allowed. For Resident Indian individual investors, the system permits selling shares bought intraday; however, margin remains blocked until settlement (T+2), since the RBI does not permit intraday trading for Resident Indian investors under LRS.

You can close your Global Trading Account by sending us an email request from your registered email address to smc@smcifsc.com. The closure process takes 2 working days once you submit your request.

Before closing your account, please ensure you have:

• Cleared any negative balance in your account
• Sold off any holdings in the account
• Withdrawn any cash balance from the account
• Downloaded all necessary reports (trade confirms, ledger, and P&L statements), as these will not be accessible once your account is closed
• If you wish to move securities to another broker, transfer your shares and cash prior to requesting account closure