Investing in India

Investing in India for American NRIs

Use the information on this page at your own risk!!

As an Indian living in the US, you would want to invest some of your money in India. This, not only because you are Indian, but also because the Indian economy is growing very fast. There are various means to invest in India of which I will give you an introduction to US Mutual Funds, ADRs and NRI accounts.

ADRs

Definition (from http://www.adr.com): An ADR is a dollar-denominated negotiable certificate that represents ownership of shares in a non-U.S. company. The structure of an ADR includes a ratio, which correlates the amount of underlying shares to the receipt.

The following is a table of Indian ADRs trading on US Exchanges (NYSE, NASDAQ). Source: http://www.adrbny.com

ADR	SYMBOL	EXCH	RATIO ADR: ORD	INDUSTRY
DR. REDDY'S LABORATORIES LTD.	RDY	NYSE	1:1	Pharmaceutical
HDFC BANK LTD.	HDB	NYSE	1:3	Banks
ICICI BANK LTD.	IBN	NYSE	1:2	Banks
INFOSYS TECHNOLOGIES LIMITED	INFY	NASDAQ	1:1	Technology Services
MAHANAGAR TELEPHONE NIGAM LIMITED	MTE	NYSE	1:2	Fixed Line Comm.
REDIFF.COM INDIA LTD	REDF	NASDAQ	2:1	Technology Services
SATYAM COMPUTER SERVICES LIMITED	SAY	NYSE	1:2	Technology Services
SIFY LTD.	SIFY	NASDAQ	1:1	Technology Services
TATA MOTORS LTD.	TTM	NYSE	1:1	Auto Manufacturers
VIDESH SANCHAR NIGAM LIMITED	VSL	NYSE	1:2	Fixed Line Comm.
WIPRO LTD.	WIT	NYSE	1:1	Technology Services
PATNI COMPUTER SYSTEMS LIMITED	PTI	NYSE	1:2	Software & Computer Svc.

There are many more ADRs which trade as over the counter stocks. Visit http://www.adr.com or http://www.adrbny.com for a list.

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