Angel One, Zerodha expand US stock investing access for Indian investors
This reflects a broader push by Indian investment platforms to expand beyond domestic equities as retail investors seek exposure to global markets.
Angel One and Zerodha, two Indian brokerages, are broadening access to US stock markets for Indian investors, acknowledging the surge in demand for international equities and portfolio diversification. Angel One has begun offering US stock investing on its app, enabling users to invest in US-listed stocks and ETFs alongside their Indian investments.
The service, initially limited, will roll out nationwide by mid-November. Investors can purchase shares of major US companies like Apple, Microsoft, Alphabet, Amazon, Nvidia, Netflix, Spotify, and Toyota. The platform also supports fractional investing, allowing purchases of a fraction of a share. Zerodha, too, has launched US stock investing in beta, granting access to around 2,000 US-listed stocks and 1,000 ETFs.
This expansion offers Indian investors a gateway to global businesses, especially in AI, cloud computing, and semiconductors. The move follows regulatory clearance from the International Financial Services Centres Authority for brokers to provide international investing services via GIFT City in Gujarat. Angel One will waive brokerage fees until December 2026, after which it will charge 0.1% per trade, with a minimum fee of $0.99.
From January 2027, account opening, maintenance, deposits, and withdrawals will be free, though regulatory charges, GST, and foreign-exchange conversion costs will apply. Zerodha's beta offering will follow its standard pricing structure, with investments subject to the Reserve Bank of India's Liberalised Remittance Scheme and applicable regulations.
Angel One has also ensured eligible US securities carry Securities Investor Protection Corporation coverage of up to $500,000, subject to conditions. The launches underscore a broader trend of Indian investment platforms venturing beyond domestic equities to cater to retail investors' appetite for global market exposure. Competitors like Groww, Upstox, and INDmoney are also offering international investing avenues, intensifying competition in the sector.
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