When you invest in US stocks through the NSE IFSC solution, you do not become a direct shareholder of the company. So, when you are investing in Tesla, Meta, or Apple, you are not directly investing in these shares. Instead, you are buying what is known as Unsponsored Depository Receipts, which have been launched in association with HDFC Bank. Based on these receipts, Indian investors will receive corporate action benefits in terms of a proportional benefit in the underlying stock. However, the investors will have no voting rights. The corporate action benefit will be based on the ratio at which such receipts are issued for an underlying share. For example, the ratio for Apple is 25. So one share of Apple equals 25 NSE IFSC receipts. For Amazon, the ratio is 200; for Tesla, it is 100, and so on. This means that the value of a receipt will be worth a fraction of a share. Such investments will be made under the Liberalized Remittance Scheme (LRS) limits, which means that the total value of investment needs to be capped at $250,000 in a year as mandated by the RBI.