Author
Arnav Grover
Co-Founder & Chief Product Officer, Rovia
IIT Bombay + IIM Calcutta. Founding PM at Aspora (NRI fintech). Writes on cross-border investing, payments, and taxation.
A finance and product enthusiast, Arnav joined IIM Calcutta after his engineering at IIT Bombay. He played key roles on the early teams at Zolve and Aspora (formerly Vance) — now the largest NRI fintech in India. His experience building cross-border platforms led him to deeply understand how international investing actually works for Indian residents, and eventually to co-founding Rovia. At Vested he covers the US investing side: the LRS, brokerage choices, US ETFs, foreign equity taxation, dividend withholding, Form 67, and Schedule FA.
Credentials
- CFA Levels 1 and 2 cleared
- SEBI Registered Mutual Funds Distributor
- B.Tech, IIT Bombay (2011–2015)
- MBA, IIM Calcutta (2017–2019)
- Founding Product Manager at Aspora (now the largest NRI fintech)
Connect
Areas of expertise
- Cross-border investing
- Cross-border payments
- Cross-border taxation
- LRS & FEMA compliance
- US ETF portfolio construction
Posts by Arnav
- US Investing·
Welcome to Vested: US investing & RSUs for Indians
Vested is a publication on US investing and RSU management, written for Indian residents who deserve better than American advice.
- US Investing·
The LRS explained: how Indians invest USD 250k/yr abroad
USD 250,000/yr limit. 20% TCS above ₹10 lakh. Form A2. Schedule FA. The Liberalised Remittance Scheme without the legalese.
- US Investing·
How to invest in US stocks from India 2026: complete guide
End-to-end playbook for Indian residents: LRS, brokerages, taxes, costs, and the mistakes that cost the most money. No US-centric fluff.
- US Investing·
LRS, TCS & Schedule FA: India's compliance trifecta
Three regulations that govern Indians investing abroad. What each requires, the deadlines, the penalties — and how to stop dreading them.
- US Investing·
Vested vs INDmoney vs IBKR: best US stock platform for Indians
Honest comparison of the three viable routes for Indian residents: costs, FX markup, taxes, and which broker fits your stage.
- US Investing·
7 best US ETFs for Indian investors (VOO isn't always right)
US ETFs worth holding as an Indian resident: expense ratios, dividend tax friction, and the famous picks we'd skip despite popularity.
- US Investing·
US stocks tax in India: capital gains, dividends & 24-month rule
The three tax events on US stocks for Indian residents — dividend withholding, capital gains in INR, Schedule FA — with worked examples.
- RSU Management·
Form 67 & FTC: avoiding US dividend double taxation
Indian residents lose 5% per year of US dividends without Form 67. The complete filing walkthrough — what to enter, when, and the deadline trap.
- US Investing·
Currency risk: how rupee–dollar moves change your US returns
Every US investment is two bets: the stock and the dollar. When currency helps your returns, when it hurts, and how to size US allocation.
- US Investing·
3-fund portfolio for Indian residents: US, intl & Indian equity
The simplest globally diversified portfolio for Indians: one Indian index fund, one US ETF, one international ETF. Tax-aware, low-cost.
- US Investing·
Direct US stocks vs ETFs: when stock picking makes sense
Most Indians should hold ETFs, not single US stocks. The cases where direct stocks make sense — and the Indian-specific pitfalls.
- US Investing·
W-8BEN form for Indians: what it does and how to file it
W-8BEN gets Indians the 25% US dividend rate instead of 30%. Letting it expire costs 5% per year forever. The complete filing walkthrough.
- US Investing·
Repatriating money from US brokerages: timing, FX & tax
Bringing US investments back to India: when to repatriate, how to time FX, which Indian bank to use, and the tax events along the way.
- US Investing·
PPFAS & MOSL Nasdaq vs direct US investing: which works better
PPFAS holds 35% US stocks; MOSL Nasdaq 100 tracks the NDX. When these beat the LRS route — and when direct US investing still wins.
- US Investing·
US bonds, REITs & gold for Indian investors: worth it?
Beyond US equity: bonds, REITs, gold ETFs. The honest analysis of when each adds value for Indians, and where Indian alternatives win.
- RSU Management·
Holding-period rules for every asset class (India tax)
Indian shares: 12 months. US shares: 24 months. Each asset class has its own LTCG threshold. The complete reference table for Indian residents.