Toronto Stock Exchange · Financial Services
Invest in American Express stock from India
Indian and foreign residents can buy American Express (AXP) shares directly through Paasa.
By Paasa · Updated
American Express at a glance
- Price
- CA$25.82-CA$0.28 (1.07%)
- Market cap
- CA$289.31B
- Day range
- CA$25.70 – CA$26.10
- P/E
- —
- Dividend yield
- —
- Volume
- 11.55K
- 1 month
- -8.47%
- 6 months
- +3.24%
- YTD
- -19.16%
- 1 year
- -19.56%
- 5 years
- -19.56%
How to invest in American Express 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 CAD when you buy.
Step 3
Search AXP and buy
Find American Express by name or by its ticker, AXP, and place your order.
Why invest in American Express from India
What American Express does
This security is a Canadian Depositary Receipt (CDR) representing a beneficial ownership interest in the common stock of American Express Company. It provides Canadian investors with fractional ownership of the underlying U.S. stock, traded in Canadian dollars, and includes a notional currency hedge to mitigate foreign exchange volatility. American Express operates in the Financial - Credit Services industry within the Financial Services 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 American Express stock from India?
Yes. Indian residents and NRIs can buy American Express (AXP) shares directly through Paasa. American Express is listed on the Toronto Stock Exchange, in the Financial - Credit Services 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 American Express 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 CAD/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.