XETRA · Basic Materials
Invest in Alzchem stock from India
Indian and foreign residents can buy Alzchem (ACT0) shares directly through Paasa.
By Paasa · Updated
Alzchem at a glance
- Price
- €163.20+€3.70 (2.32%)
- Market cap
- €1.65B
- Day range
- €160.00 – €163.30
- P/E
- —
- Dividend yield
- —
- Volume
- 9.22K
How to invest in Alzchem from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to EUR when you buy.
Step 3
Search ACT0 and buy
Find Alzchem by name or by its ticker, ACT0, and place your order.
Why invest in Alzchem from India
What Alzchem does
Alzchem Group AG engages in the provision of development, production, and marketing of chemical products. It operates through the following segments: Specialty Chemicals, Basics & Intermediates, and Other & Holding. Alzchem operates in the Chemicals industry within the Basic Materials sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Alzchem stock from India?
Yes. Indian residents and NRIs can buy Alzchem (ACT0) shares directly through Paasa. Alzchem is listed on XETRA, in the Chemicals industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
What tax do I pay in India when I sell Alzchem shares?
In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the EUR/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.