Tokyo Stock Exchange · Financial Services
Invest in FUNDINNO stock from India
Indian and foreign residents can buy FUNDINNO (462A) shares directly through Paasa.
By Paasa · Updated
FUNDINNO at a glance
- Price
- ¥251.00+¥1.00 (0.40%)
- Market cap
- ¥5.99B
- Day range
- ¥247.00 – ¥258.00
- P/E
- —
- Dividend yield
- None
- Volume
- 165.20K
- 1 month
- -32.71%
- 6 months
- -72.63%
- YTD
- -79.31%
- 1 year
- —
- 5 years
- —
How to invest in FUNDINNO 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 JPY when you buy.
Step 3
Search 462A and buy
Find FUNDINNO by name or by its ticker, 462A, and place your order. The Tokyo Stock Exchange typically trades in units of 100 shares.
Why invest in FUNDINNO from India
What FUNDINNO does
FUNDINNO,Inc. engages in the financial instruments trading operation business in Japan. The company involved in the operation of FUNDINNO, a type 1 small-amount electronic offering business; operation of FUNDINNO PLUS+, a type 1 financial instruments business; operation of FUNDINNO MARKET and FUNDINNO MARKET PLUS+, type 1 financial instruments business; FUNDOOR and development of MUFG FUNDOOR, as well as in the provision of corporate growth support consulting and recruitment services. FUNDINNO operates in the Financial - Conglomerates 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.
Here's what inheritance rules in Japan mean for your FUNDINNO shares.
Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir.
Frequently asked questions
Can I buy FUNDINNO stock from India?
Yes. Indian residents and NRIs can buy FUNDINNO (462A) shares directly through Paasa. FUNDINNO is listed on the Tokyo Stock Exchange, in the Financial - Conglomerates industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
Do I need to buy a full FUNDINNO share?
Usually more than one, and not a fraction: the Tokyo Stock Exchange typically trades in units of 100 shares. At ¥251.00 a share, size the order by the lot, not by the share.
How are FUNDINNO dividends taxed for Indian investors?
FUNDINNO does not currently pay a dividend, so there is nothing to withhold or declare today. If it starts paying one, japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India, and dividends are taxed at your slab rate in India.
What tax do I pay in India when I sell FUNDINNO shares?
Japan generally does not levy capital gains tax on non-resident individual investors. 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 JPY/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.
What happens to my FUNDINNO shares if I pass away?
Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir. The rule looks at everything you hold there, not at FUNDINNO alone.