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Why many Indians are adding US stocks to their portfolio
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The S&P 500 also has almost no correlation with India's markets, making it an ideal hedge for domestic investorsThe weakness in the rupee against the dollar was another draw More Indian investors are turning to U.S.
stocks to escape tumbling markets at home and pick up exposure to global technology giants that are rising through the coronavirus-led market turmoil.
With more mom-and-pop investors chasing overseas stock investments that were until now a hobby of the wealthy, brokers that help investors navigate these trades through India's highly restrictive cross-border investment rules are thriving.
Vested Finance, an investment firm that helps Indians buy or sell U.S. stocks, opened 4,000 new accounts in March, double that in February.
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