Centrum Wealth & Stockal
Diversify your portfolio
with over 5,500 international
Get access to global
themes and innovator
Plan for a future overseas
investment goal such as
Invest in USD and protect
specific allocations from
Choose from either stocks or a
range of thematic investment
Cutting edge platform security
Unlike traditional investment platforms and products,
there is no minimum investment requirement
Start with an amount of your choice and build
investments over time to suit your budget and goals
As part of our vision to make global investments
seamless and inclusive, you can buy and sell
fractions of shares and ETFs
Investing in overseas markets requires
completing international fund transfers which
may be complicated and expensive
Support is on hand to help streamline the
process and make international fund transfers
Readymade customized portfolios built by experts
Invest in contemporary themes from across
the investment spectrum
Access dedicated investment baskets of your choice, with ideas ranging
from Hi-Tech innovator companies to cutting edge Healthcare firms to
traditional Global consumption and US index stocks and market leaders
Introducing Stacks – Thematic investment baskets
A stack is a packaged portfolio which is curated, expert-built and automatically managed
More than 10 stacks available (as per subscription plan chosen)
Offers a professional ‘portfolio’ approach with auto-rebalancing
Just chose a theme and invest in one click
Simply Register online
Select a Plan and complete the KYC - you will need to keep your ID Proof & Address Proof
handy (Pan and Aadhar Card)
Fund your account using the “Add Funds” feature, taking advantage of our multiple
Buy/Sell Stocks & ETFs of your choice - real-time on your own or with the help of
investment insights on the platform
Manage your portfolio, add stocks to your watchlist, download account statements
or utilize any of the other Research tools available.
For personal assistance please dial
Between 3-4 business days to open an account, remittance time lines as per client’s chosen bank
Centrum Wealth has a distribution agreement with Stockal for Global Investing services
Your investing account is created with the platforms U.S. brokerage partner DriveWealth. DriveWealth LLC, a member of the Securities Investor Protection Corporation (SIPC), will serve as the custodian for your securities account.
In the event that DriveWealth LLC fails and is placed in liquidation under the Securities Investor Protection Act, securities in your brokerage account may be protected up to USD 500,000. For details, please see www.sipc.org.
It is super-easy to fund your account and to get your money back from the overseas brokerage account.
Just a simple form to fill, with a single click to transact.
If you’re investing from India, under RBI’s Liberalized Remittance Scheme (LRS), then you are allowed to invest up to USD 250,000 every year at this stage, limits may change subject to RBI guidance.
Indian residents can send money overseas for purchase of shares and property, travel, education, medical care, care of relatives living abroad, gifts, and donations. Individuals are also permitted to open, maintain, and hold foreign currency accounts with overseas banks for carrying out transactions. One cannot remit money that comes from certain sources, such as winnings from gambling and lottery, dividends from certain companies, and interest payments from non-resident rupee bank accounts. Individuals also cannot remit money for any prohibited or illegal activities such as margin trading.
Investors should refer to their tax professional on this aspect. However as an overview and purely for illustrative purposes, the understanding on the subject is as follows.
Transaction data required for reporting purposes shall be available on the Centrum Wealth - Stockal investor log in page and be made available to investors on request as well.
There are two types of tax implications for such investments similar to the Long term/Short term tax regime on Indian equities.
Tax on investment gains:
This tax aspect becomes applicable when one sells an investment at a higher price than when bought. It is calculated as the sale price minus purchase price.
One attracts tax in India for this gain and this will not be taxed in the US. The amount of tax payable in India (as per tax cycle FY), depends on how long the investment is held
What qualifies as Long term
Thus, to fulfill the criterion for being classified as a long term capital asset, the period of holding of such investment should be more than 24 months. Thus if one holds the investment for longer than 24 months, the gain will be taxed at a long term capital gains tax rate of 20% (plus the applicable surcharges and cess).
What qualifies as Short term
When one holds the investment for less than 24 months, then such gains qualify as short-term capital gains and will be taxed as normal income (marginal rate of tax meaning as per tax slab) in India.
Dividends shall be taxed in the US at a flat rate of 25%. This means that the company paying the dividend will deduct 25% by way of taxes before distributing the remaining 75% to the shareholder. Subsequently, this post tax dividend is included as taxable income in India (marginal rate of tax).
India and the US are parties to a Double Taxation Avoidance Agreement (DTAA), which allows taxpayers to offset income tax already paid in the US. The 25% tax one has already paid in the US is made available as Foreign Tax Credit and can be used to offset income tax payable in India.
Investment in securities markets is subject to market risks, read all the related documents carefully before investing. There is no assurance or guarantee or returns.
All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Investors should consider their investment objectives and risks carefully before investing. Investors should be aware that while diversification may help spread risk it does not assure a profit, or protect against loss, in a volatile market. There is always the potential of losing capital when one invests in securities, or other financial products. Investors should be aware that system response, execution price, speed, liquidity, market data, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors.
Centrum Wealth Ltd (“CWL”) makes no warranties or representations, express or implied, on products and services offered through the platform. It accepts no liability for any damages or losses, however, caused in connection with the use of related services.
All information placed on this website (“site”) is for informational purposes only and does not constitute as an offer to sell or buy a security. Further, any information on the website is not intended as investment advice in any form. Certain hyperlinks or referenced websites on the site, if any, are for convenience and forward one to third party websites, which generally may be recognized by their top-level or link domain name. Any descriptions of, references to, or links to other products, publications or services does not constitute an endorsement, authorization, sponsorship by or affiliation with CWL with respect to any linked site or its sponsor, unless expressly stated by CWL. Any such information, products or sites have not necessarily been reviewed by CWL and are provided or maintained by third parties over whom CWL exercises no control. CWL expressly disclaims any responsibility for the content, the accuracy of the information, and/or quality of products or services provided by or advertised on these third-party sites.
CWL may introduce the customer to the Stockal platform provider(Borderless Investing Inc. (“BI”)) post which customers will be directly sharing their details with the third-party stock broker referred by BI. CWL, in this context, is engaged as a distributor of financial products and services for a strategic distribution partnership with BI. Customers must check products and features before investing as the contours of the product may change from time to time. CWL is not liable for any loss or damage of any kind arising out of investments in these products. Investments in Equity, Currency, Futures and Options are subject to market risk. All logos and trademarks belong to their respective legal owners.
BI, the owner of the Stockal platform, has represented to CWL that it is neither a broker nor an investment adviser but is only a platform provider of Stockal that enables investments in a diverse set of global assets from a single account from anywhere in the world. Therefore, BI makes no warranties or representations, express or implied, on products and services offered through its platform nor does it accept any liability for any damages or losses that may be caused in connection with the use of related services.
Once customers have been referred, they are solely responsible for any and all orders placed by them, and understand that all orders are unsolicited and based on their own investment decisions. CWL and any of its employees, agents, principals, or representatives DO NOT provide recommendations of any security, transaction, or order; provide investment advice; produce or provide research to any user regarding any security, transaction, or order; handle funds or securities related to securities orders or effect the clearance or settlement of a user’s trades done through in US stock markets or in solution provided by BI. All processes including Know Your Customer (“KYC”) will be executed by the referred third party broker and BI directly with the customer and CWL will not incur any personal financial liability.
DriveWealth LLC, a member of the Securities Investor Protection Corporation (SIPC), will serve as the custodian for your securities account. In the event that DriveWealth LLC fails and is placed in liquidation under the Securities Investor Protection Act, securities in your brokerage account may be protected up to $500,000. For details, please see www.sipc.org.