XETRA · Financial Services
Invest in MPC Oceanic stock from India
Indian and foreign residents can buy MPC Oceanic (MPCG) shares directly through Paasa.
By Paasa · Updated
MPC Oceanic at a glance
- Price
- €5.10-€0.06 (1.16%)
- Market cap
- €179.77M
- Day range
- €5.10 – €5.10
- P/E
- —
- Dividend yield
- None
- Volume
- 2.45K
- 1 month
- -6.59%
- 6 months
- +4.08%
- YTD
- +5.15%
- 1 year
- +1.59%
- 5 years
- +50.89%
How to invest in MPC Oceanic 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 MPCG and buy
Find MPC Oceanic by name or by its ticker, MPCG, and place your order.
Why invest in MPC Oceanic from India
What MPC Oceanic does
MPC Oceanic Group AG is a publicly owned investment manager. The firm primarily provides its services to private investors. MPC Oceanic operates in the Asset Management 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 MPC Oceanic stock from India?
Yes. Indian residents and NRIs can buy MPC Oceanic (MPCG) shares directly through Paasa. MPC Oceanic is listed on XETRA, in the Asset Management 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 MPC Oceanic 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.