Angel One rolls out US stock investing for investors

Angel One, a stockbroker, has commenced offering US stock investing options on its application, enabling local investors to acquire shares of American firms and exchange-traded funds. This development came after the International Financial Services Centre Authority (IFSCA) granted brokers the authorization to provide international investing services via GIFT City.

The service will empower Indian investors to purchase shares of US-listed companies, such as Apple, Microsoft, Alphabet, Amazon, Nvidia, Netflix, Spotify, and Toyota, along with Exchange-Traded Funds (ETFs), as per a company announcement. Additionally, investors can acquire fractional shares, enabling them to invest in a part of a stock instead of a whole share.

The company is progressively implementing the facility, with access presently limited to selected users, who are expected to gain full access by mid-November. The offering also provides an opportunity to enhance investor understanding of important aspects of international investing, encompassing account activation, funding via the liberalized remittance scheme, capital gains taxation, and US dividend withholding tax.

Growing interest among Indian investors in global markets is evident as they pursue diversification beyond domestic equities and gain exposure to technology-driven investment themes, many of which are represented by US-listed companies. Comments must be in English, written in full sentences, and cannot be abusive or personal. The Hindu Businessline adheres to community guidelines for all user comments.

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