How to Buy Broadcom Shares from India (2026)

Last updated: 22 October 2026 · By Analyst, Platizio Global

Broadcom is listed on Nasdaq in the US as AVGO, not in India. A resident Indian can buy its shares under the Liberalised Remittance Scheme (LRS) through a GIFT City app or an overseas broker. One share closed at US$337.80 on 21 October 2026, about ₹31,995 at the RBI reference rate, and several apps sell fractions.

Key takeaways

• How to buy Broadcom shares in India: open a GIFT City app or overseas broker account, remit under LRS (up to US$250,000 a financial year) and buy AVGO.
• Broadcom currently pays US$0.65 a share a quarter; a 30%-slab resident keeps about 68.8% after US withholding and Indian tax.
• ₹50,000 of AVGO cost about ₹440 (0.88%) all-in at 21 October 2026 rates; banks collect 20% TCS (tax collected at source) above ₹10 lakh a financial year.
• Gains are long-term (12.5% tax) only after more than 24 months.

Broadcom share price in INR and latest results

Chief executive Hock Tan put Q3 “AI semiconductor revenue” at US$16.7 billion (up 221%) and said Broadcom expects US$21.7 billion in Q4 (his statements, not 10-Q line items). Broadcom had not announced its next results date by 22 October 2026; 10 December 2026 is only Nasdaq’s algorithmic estimate.

How to buy Broadcom shares in India

GIFT City apps, which open your account with a broker in India’s International Financial Services Centre, include Tickertape, INDmoney and Platizio Global (their own websites, 22 October 2026); check that yours lists AVGO. NSE IX in GIFT City has taken no new buys of its Broadcom receipts since 30 July 2026; dealing ends on 1 February 2027 (NSE IFSC receipts are closing).

1. Open an account with PAN and Aadhaar and sign Form W-8BEN, which certifies you are not a US person, cutting US dividend withholding from 30% to 25%.
2. Remit under LRS from your own Indian bank account, for overseas portfolio investment.
3. Buy AVGO by dollar amount (a fraction) or by share; on some apps, limit and stop orders take whole shares only.
4. Trade in US hours: 7:00 pm–1:30 am Indian time (IST) until Friday 30 October 2026, then 8:00 pm–2:30 am IST from Monday 2 November (US clocks change on 1 November). Trades settle in one business day (T+1).

What a ₹50,000 purchase costs

At one GIFT City app’s published fees (read 22 October 2026); others differ:

Bank charges and markups vary; SBI’s card rate is for ₹10–20 lakh transfers. As banks charge TCS on LRS under section 394, remitting ₹15 lakh in 2026-27 means 20% × (₹15,00,000 − ₹10,00,000) = ₹1,00,000 collected, credited against tax in your return.

Broadcom dividend, buybacks and tax

Broadcom paid US$0.65 a share on 30 September 2026, its fiscal 2026 quarterly rate; the 10% rise in December 2025 made the US$2.60 annual target “the fifteenth consecutive increase in annual dividends”. Buybacks: US$8.45 billion in the three quarters to 2 August 2026, none in the third; US$10.1 billion of authority remains until 31 December 2026.

For tax year 2026-27 (Income-tax Act, 2025), with rupee values at SBI’s TT buying rate (Rule 206):

• Dividends: with a W-8BEN the US withholds 25%; India taxes the gross amount at your slab rate, crediting the US tax up to the Indian tax (Form 44). Ignoring surcharge, you keep 68.8% at the 30% slab (with 4% cess) and 75% at 20% or below.
• Capital gains: long-term only after more than 24 months, at 12.5% (section 197) plus surcharge and cess, with no ₹1.25 lakh exemption; short-term at your slab rate. On a ₹1 lakh gain, with 4% cess: ₹13,000 long-term, ₹31,200 short-term at the 30% slab (how US shares are taxed).
• Schedule FA, your return’s foreign-assets schedule: report the shares for each calendar year you hold them, at any value; the ₹10 lakh Black Money Act penalty does not apply if foreign assets other than immovable property total ₹20 lakh or less.
• US estate tax: non-resident non-citizens get only US$60,000 of US-situs assets free, about 178 AVGO shares; rates reach 40%.

Risks of owning Broadcom shares

• Customer concentration: one distributor took 50% of net revenue in the quarter to 2 August 2026; Broadcom believes its top five end customers took about 55% (10-Q, 10 September 2026).
• Foundry: about 95% of wafers made by its contract manufacturers in fiscal 2026 to 2 August came from Taiwan’s TSMC (same 10-Q).
• Debt: US$61.1 billion on 2 August 2026; Broadcom says its “substantial indebtedness could adversely affect our financial health”.
• Lease backstop: under its “AI XPV platform”, Broadcom backstops a customer’s five-year AI-rack lease obligations to a financial partner, with maximum potential liability of about US$29 billion once all racks are deployed (undiscounted); nothing had been paid (10-Q).
• Volatility and currency: AVGO’s close fell 31.7% from 2 June to 16 October 2026 (Nasdaq data); rupee moves add currency risk.

Other routes, and what is not AVGO

Exchange-traded funds (ETFs) also hold Broadcom: 7.26% of iShares Semiconductor (SOXX) and 5.46% of VanEck Semiconductor (SMH) on 21 October 2026, and 2.49% of Invesco QQQ on 20 October (US semiconductor stocks and ETFs). In India, Mirae Asset’s NYSE FANG+ ETF (9.97% Broadcom, 30 September) closed 51.9% above its net asset value on 21 October, and Motilal Oswal’s Nasdaq 100 ETF 11.7% above.

Not AVGO on Nasdaq:

• Crypto token: Mudrex’s “AVGOB”, “a tokenized bStock that represents Broadcom”, is bought in rupees via UPI, outside LRS; ask a CA about its tax.
• Leveraged and inverse ETFs: AVL, AVGX, AVGG and AVGU target twice AVGO’s daily move and AVS the inverse, resetting daily (leveraged single-stock ETFs).
• Euro quote: Paasa’s 1YD page is a thinly traded euro quote of Broadcom on Germany’s Xetra (average volume about 8,400 shares on 22 October 2026).

Sources

1. Broadcom Inc.: Third quarter fiscal year 2026 results release, 2 September 2026 (SEC EDGAR) — https://www.sec.gov/Archives/edgar/data/1730168/000173016826000076/avgo-08022026x8kxex99.htm
2. Broadcom Inc.: Form 10-Q for the quarter ended 2 August 2026, filed 10 September 2026 (SEC EDGAR) — https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm
3. Broadcom Inc.: Fourth quarter and fiscal year 2025 results release, 11 December 2025 (SEC EDGAR) — https://www.sec.gov/Archives/edgar/data/1730168/000173016825000116/avgo-11022025x8kxex99.htm
4. Broadcom Inc.: Form 8-K on the ten-for-one stock split, 12 July 2024 (SEC EDGAR) — https://www.sec.gov/Archives/edgar/data/1730168/000114036124033072/ny20032136x6_8k.htm
5. Nasdaq: AVGO historical prices (close of 21 October 2026 and 52-week range) — https://www.nasdaq.com/market-activity/stocks/avgo/historical
6. Reserve Bank of India: Reference Rate Archive (FBIL rate for 21 October 2026) — https://www.rbi.org.in/Scripts/ReferenceRateArchive.aspx
7. VanEck: Semiconductor ETF (SMH) holdings, 21 October 2026 — https://www.vaneck.com/us/en/investments/semiconductor-etf-smh/holdings/
8. iShares: Semiconductor ETF (SOXX) holdings, 21 October 2026 — https://www.ishares.com/us/products/239705/ishares-phlx-semiconductor-etf
9. Invesco: QQQ holdings, 20 October 2026 — https://www.invesco.com/qqq-etf/en/about.html
10. NSE International Exchange: circular TRADE/2698 on NSE IFSC Receipts, 24 July 2026 — https://www.nseix.com/api/content/circulars/NSEIFSC_TRADE_2698.pdf
11. Income Tax Department: section 394 of the Income-tax Act, 2025 (TCS) — https://www.incometaxindia.gov.in/w/section-394-6
12. Internal Revenue Service: Some nonresidents with U.S. assets must file estate tax returns — https://www.irs.gov/individuals/international-taxpayers/some-nonresidents-with-us-assets-must-file-estate-tax-returns

Accounts opened through Platizio Global are held with ViewTrade International IFSC Private Limited (ViewTrade IFSC), regulated by the International Financial Services Centres Authority in GIFT City (broker-dealer IFSC/BD/2024-25/0003; Global Access Provider IFSCA/GAP/BD/2025-26/001). Platizio Services LLP operates Platizio Global as a white-labelled partner platform in association with ViewTrade. Platizio is not a broker, broker-dealer, custodian, investment adviser, portfolio manager, research analyst, or authorised dealer. Platizio does not hold securities or client money and does not provide custody services. Platizio may receive referral fees or revenue share from ViewTrade. Platizio does not give investment advice. This article is for education only. It is not investment, tax or legal advice, or a recommendation to buy, sell or hold any security. Broadcom Inc. (AVGO) and the funds and products named are quoted for illustration only and are not recommendatory. Investments in US stocks and ETFs are subject to market risk, currency risk and tax implications; past performance is not indicative of future results, and returns are not guaranteed. Prices, fees, tax rates and rules are as of 22 October 2026 and can change; check them with a chartered accountant before you act.