INDmoney has become a go-to app in India for US stock investing, mutual funds, and tax tracking. In 2025, it still offers zero-commission US trades, built-in capital gains reports, and net worth tracking. But remittance costs and TCS rules matter—here’s the full picture.
India Snapshot
- US Stocks: Buy fractional shares of Apple, Tesla, Amazon, etc.
- Brokerage: Zero commission on trades.
- Remittance Fees:
- Bank wire charges: ₹500–₹1,000
- Forex markup: ~1–2%
- TCS: 5% on amounts >₹7 lakh/year (adjustable at ITR).
- Domestic MFs & FDs: Integrated on app.
- Tax Tools: US W-8BEN form, capital gains reporting, DTAA (India–US treaty).
- Payments: UPI, NetBanking for domestic; bank transfer for US investments.
Try INDmoney for US stock investing & tax tracking:
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INDmoney Features That Stand Out
- US Stocks & ETFs: Fractional share investing with zero commission.
- Domestic Mutual Funds: Direct plans, SIP from ₹100.
- Net Worth Tracking: Auto-sync of bank accounts, credit cards, loans.
- Credit Score: Free monthly updates.
- Tax Tools: Capital gains reports, remittance tracking, DTAA benefits explained.
Costs You Must Know
- Remittance Charges: Bank fees + forex markup = ~1–2%.
- TCS (Tax Collected at Source): 5% on transfers above ₹7 lakh/year.
- US Taxes: Dividends taxed @25% withholding, claim credit in ITR.
- Hidden Charges: None on trades, but remittance costs are unavoidable.
Example: Sending ₹5 lakh → ~₹5,000–₹10,000 lost in fees/markup.
INDmoney vs Alternatives
| Feature | INDmoney | Groww (US Stocks) | Vested Finance |
|---|---|---|---|
| Brokerage | Free | Free | Free |
| Remittance | Bank wire, ~1–2% markup | Similar | Sometimes lower promos |
| Extra Tools | Tax, net worth, credit score | MF + Stocks | US-focused only |
| Best For | Holistic finance app | Beginners | US-only investors |
Pros and Cons
Pros
Zero commission on US stocks.
Tracks all finances in one place.
In-built tax & remittance tools.
Direct MF investments.
Cons
Forex markup adds cost.
TCS under LRS reduces liquidity.
Bank remittance delays possible.
Smart Usage Tips for 2025
- Keep US investments below ₹7 lakh/year to avoid TCS.
- Use SIPs for US ETFs (S&P 500, Nasdaq 100) to spread cost.
- Always check remittance forex rates before transferring.
- Claim TCS credit during ITR filing.
- Diversify—don’t invest only in US stocks.
Start investing in US stocks with INDmoney today:
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In 2025, INDmoney is best for Indians wanting one app for US stocks, MFs, FDs, and taxes. It’s zero-commission, SEBI-compliant, and feature-rich. But remember, forex markup and TCS under LRS are real costs. Use INDmoney smartly, track taxes, and diversify your investments.
