Non resident Indians will soon be able to avail of value-added online trading services from Bajaj Capital to participate in schemes of various mutual funds in India.

Preparations for the launch of the online trading site in July are on in full steam, as approval from Sebi has already been received.

NRI investors would be able to avail of trading in Indian equity shares and mutual funds at a brokerage charge of 0.40% per transaction. Value added services like free equity research would also be provided to customers.

Bajaj Capital also plans to provide wealth management services to NRIs through offices in either the Middle East or Singapore, locations with a considerable NRI population.

Online trading sites in India have made investment for NRIs a convenient, paper-less process, removing the uncertainty and cumbersome procedures that were associated with trading through brokers.

Online brokers like HDFC, ICICI direct, Indiabulls, Sharekhan and others have opened up Indian equities to new participants like housewives, retired professionals and small businessmen.

Last month, Reliance Money, ADAG joined the online trading market, creating a stir with prepaid trading cards and low brokerage State stock exchanges have almost been eclipsed as the BSE and NSE have been made accessible to all clients within and outside India.

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