Bengaluru-based Zerodha plans to roll out U.S. stock investing for its customers in the next quarter, Kamath said during an “Ask Me Anything” session on the company’s official platform. “A lot of people tagged me on social media and asked about the U.S. investing thing. We are working on it, and we should have something in the next quarter, It is a product launch,” Kamath said.
The move comes after years of speculation and delay. Kamath had first spoken about allowing investments in U.S., markets back in 2020 but later admitted that the COVID-19 pandemic had stalled the effort.
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Regulatory green light via GIFT City
Zerodha’s Chief Technology Officer Kailash Nadh said the company had finally received the required regulatory clarity from GIFT City, Gujarat’s financial hub that enables offshore investment products. “It has been a long-pending thing. We now have the requisite regulatory clarity through GIFT City. We are trying to build a simple and seamless experience for users in the backend as well as in the frontend,” Nadh said.
To offer access to U.S. equities, Zerodha will need to tie up with a U.S.-based broker, a model already adopted by rivals such as INDMoney, which partners with Alpaca Broking, and 5Paisa, which works with Vested.
While the move could open new doors for Indian investors seeking exposure to companies like Apple and Tesla, potential hurdles remain. The cost of remittance under the Liberalised Remittance Scheme could make investing abroad less attractive for small investors, even as appetite for international diversification grows.
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