How to Buy Google Shares In India? A Beginners Guide

How to Buy Google Shares

Table of Contents

Like most of us, you’ve probably fantasized about how to buy google stock that will rise in value in a few years, allowing you to travel and relax for the rest of your life. Perhaps Google was, or will be, one of your top options for stock purchases. In truth, investing is a little more complicated.

There is good news, unlike in the past, you can now buy Google shares entirely online. While we do not recommend buying Google stock in particular, this article describes in layman’s terms how to buy the shares of Google in general, using an example. It’s up to you to determine whether Google stock should be your first stock purchase. We strongly advise you to speak with an investment expert since this material is not intended to be investment advice in any way.

Google Overview

Google is a social media platform and search engine. Google has grown into one of the world’s largest technology firms, with cloud computing, software, and more, as part of its parent company, Alphabet, Inc.

Google is a technology corporation based in the United States that trades on the NASDAQ under the symbol GOOGLE. It is the world’s most popular search engine, but that isn’t the only thing that makes them renowned. They’re linked to Android and other tech products and services. If you want to buy its shares, you’ll need to find a broker who can connect you to the NASDAQ, which is the main exchange where it trades (stay with us, we’ll get to that in a minute).

This isn’t to say that Google is a good or bad company. However, as part of this example, you might want to refresh your memory on what you’re considering investing in. Google stock is a great option to trade considering the market worth and popularity among the tribes.

How to buy Google Stock in India- Step by Step Guide

Through the RBI-approved LRS route, you can invest in international stocks such as Apple and Google from India. The LRS option allows you to invest up to $250,000 each year in the United States. You can quickly complete your KYC on Indian investment applications like Cube to buy certain equities.

In general, you’d be expected to do the following:

  • Download App
  • Complete KYC
  • Complete LRS Route formalities
  • Transfer Funds
  • Start Investing

After that, you can set your investment amount and know-how to buy google shares, and Other equities such as Apple shares can also be searched for. With a minimal minimum investment of just $1, the broker allows you to participate in US stocks. You can buy a single stock or a group of equities.

Other than this, traders of the stock market also have the option of trading in mutual funds of the companies provided. There are certain mutual funds that are offered in the market by Google to trade. Traders who believe in long-term investing can buy mutual funds and have good trade experience. 

Moreover, there are exchange-traded funds that could also be invested by market traders for profitable trading. 

How to buy Apple Shares in India?

You’ve probably heard more than one investment guru recommend investing in equities of firms you know and trust. It is better to have the advice of a professional advisor who can assist us in determining stocks to buy and how to buy Apple shares. Of course, there are those firms that we all know and trust, such as Apple, Amazon, and Google.

People feel fairly sure that top brands like Apple will continue to develop and thrive. As a result, we’ll discuss how to acquire stocks in all of your favorite brands in this post.

Traders of the stock market can trade in these company shares with big stock exchanges such as Nasdaq Stock  Market Exchange, New York Stock Exchange, London Stock Exchange, etc. 

Let’s take a look into how to buy Apple or  Google stock; it’s important to understand why people acquire overseas stocks in the first place.

How to Invest in International Shares- Step by Step Guide

So, if you have decided to buy Google stocks for your purposes, that’s a good place to start. Let’s clarify what’s in store for you before you can declare yourself a Google shareholder! The procedure of how to buy google shares is the same for any other company’s stock.

Buying Google stocks has the following process: 

Step 1: Find a Trustworthy Broker

The stock exchanges that an online broker has access to is one of their qualities. Because all brokers have no access to the NASDAQ, you won’t buy Google Stock. You will require a broker who can provide you with access to this exchange.

The next most significant aspect of a broker is that it should also fit you. Not all brokers enable citizens to open accounts; some brokers are prohibitively expensive if traders want to buy Google shares now and again, while others are completely free. Using our questionnaire, you can obtain excellent advice on selecting the correct broker like PrimeFin or InvestBy.

Step 2: Open a Brokerage Account

Open an account when you find your online broker. This is similar to a bank account, and it is opened completely online. Some brokers make it as easy as creating a new Gmail, while others brokers require some days for a background check on you. However, instead of storing money on it, you will be storing your Google shares on it. Thus you will need this to purchase and store the company shares.

Step 3: Make a Deposit to your account.

You’ll have to pay cash for the shares to be purchased. This money must be deposited into your broker account first. This is usually very simple and fast, even more so than creating a brokerage account.

Bank wire transfers and credit/debit card deposits are the most frequent deposit methods. Some brokers allow you to deposit various electronic wallets into your investment account.

Step 4: Buy Google Stock

Your account is created, you get cash and the targeted price of shares. The last step is to purchase by clicking the buy button! Sign in to your brokerage account, search for Google stocks, enter the number of shares that how much to buy, and click buy to complete the transaction.

When you place an order, you can select from various order kinds. The market order is purchased at the current price, whereas the limit order defines the true price you pay for the shares. Thus, simply traders can buy Google stock from the market. Investing in Google is easy if traders do good research, study, and analysis of the market and the company’s market position. 

This helps the traders invest in Google and have the desired returns on their investments. However, traders should check with the shares as there could be class c shares or others depending on what is selected by the trader. 

Step 5: Google Position Review 

After you have purchased your Google shares, your work isn’t done. It is now hard to keep tracking your finances. This necessarily entails sticking to your financial approach. If you buy Google shares intending to own it for a longer period of time, you may attend the AGM and get all of the company’s news and information.

You might utilize other position management tools to sell it after seeing a price hike. For example, you can use the targeted price to determine that you want to sell the shares at a profit or use the stop-loss to determine if you want to sell the stock at a loss.

Foreign companies’ shares are easier to trade through brokers or stock exchanges but they require regular trading, monitoring and good trading skills.

Why Should You Prefer International Shares to Invest?

Hedging against the rupee is one of the most common reasons people acquire equities from US companies. If you buy US stocks, you will benefit from the dollar’s strength as well as the company’s potential for exponential growth.

It also guarantees that your portfolio is geographically diverse. We use these worldwide brands daily, which is another more emotional incentive to invest in multinational stocks. This offers us the assurance we need to gamble on their future success.

Stock markets are a huge place as there are several foreign companies and domestic companies involved in it and to buy stocks traders have to make great efforts. Even comparing mutual funds with the stocks of the companies gives traders some idea of the trade and therefore, traders should analyze the aspects of the stock market for beneficial trading. 

They can use international shares to trade and use investment strategy to understand the market situations, compare the market positions and then invest in the profitable ones. International shares become good investments when done proper market research. 

In addition, an online broker has made it easy for traders to access their shares or market positions from any corner of the world. Hence, making the trade in the international market less complicated. 

Investment Limit that Indians can Invest to buy Google Shares?

According to the RBI’s notification in the Liberalised Remittance Scheme, Indians can invest up to $250,000 per year abroad (LRS). With the current exchange rate of $1 = Rs. 74.88, an Indian can invest nearly Rs. 1.87 crores overseas each year through the LRS route.

This is more than enough for most private investors, and it ensures that significant sums of money are not moved across borders without first being thoroughly investigated.

  • Total Allowed Investment in $: 2,50,000
  • Exchange Rate of Currency: $1 = Rs 74.88
  • Total Allowed Investment in Rupees: 1.87 Crore

Tips for How to Purchase Google Shares 

When you google shares in India, there are a few considerations to keep in mind:

  • Make sure you’re investing with the help of a seasoned professional who has a track record of success.
  • Investment with RBI-regulated brokers.
  • Remember the Exchange rate of Currency.
  • Use Trustworthy apps for Investments to buy Google Shares.
  • Do not invest without conducting thorough study and due diligence.
  • Make sure your portfolio is well-balanced.
  • Do not diversify your portfolio by purchasing too many equities.

Drawbacks of Investing in International Shares

Before you buy in international equities, there are a few drawbacks or cons you should know about:

  • High Fees and Charges: You will be dealing in foreign currencies if you invest in overseas stocks. If you buy the shares, you must pay brokerage fees in US dollars.
  • Currency exchange rate impacts profits: Currency risk is always there when investing in overseas stocks. Let’s look at an example to help us comprehend.

Assume you’re planning to invest in the US stock market. When you acquired the US shares, the currency exchange rate was $1= Rs 68. However, let’s imagine the Indian rupee strengthened the next year, and the currency conversion rate became $1 = Rs 62 when you sold the US stock.

  • The investment limit is only up to $2500000:  An Indian resident individual can only invest up to $250,000 overseas every year, according to the RBI’s regulation in the Liberalised Remittance Scheme (LRS). This amount comes to almost 1.7 crores at the current currency rate of $1= Rs 68. In any case, if you have a family of four, you can invest four times $250,000 for a total of one million dollars. 

Conclusion

Like most people, you’ve probably fantasized about buying stock in a firm that appreciates and pays you enough to retire early and live well. When it came to investing in a growth company, Google shares might have been one of your top picks. In this article, you have a complete guide for how to buy shares in India.

FAQs 

Can you buy Amazon stock?

Yes, you can buy Amazon stocks from India utilizing the RBI-approved Liberalized Remittance channel with a trustworthy broker like PrimeFin.

How much does an Apple share cost in India?

Apple’s stock price (AAPL) was $146.39 on July 16, 2021, with a market value of $2.379 trillion.

 What is the current share price of Google in India?

As of 16-07-2021, the Google (GOOGL) stock price was $2,539.10, with a market capitalization of $1.695 trillion.

How much does an Amazon share cost in India?

As of July 16, 2021, the Amazon (AMZN) stock price was $3,573.63, with a market value of $1.778 trillion.

X

  • Get a Callback

    A trusted broker will contact you today.