Discount brokerage Zerodha earlier this week launched US stock investing, providing an opportunity for Indian investors looking to diversify their investments beyond the domestic market.
Zerodha launched its US stock investing facility in beta mode on its Kite platform, allowing retail investors to invest directly in US-listed stocks such as Meta, Amazon, Google, and Microsoft, as well as exchange-traded funds (ETFs) through their existing accounts.
The service provides access to up to 2,000 US-listed companies and around 1,000 ETFs, with fractional investments starting at $1. The facility is routed through BSE-owned India INX Global Access at GIFT City, Gujarat.
The US stock market is the largest in the world by a wide margin. With a total market capitalisation exceeding $80.40 trillion, US-listed equities account for roughly 44% to 46% of global market value, making the US market larger than the next nine largest stock markets combined.
Any resident Indian with an individual Zerodha account can invest in US stocks through the platform. Existing customers can activate the US stocks segment through their Zerodha account.