Zerodha Set To Enable US Stock Investing Via GIFT IFSC By April-May
Zerodha, the online brokerage firm, will be offering an option to invest in the United States stocks via GIFT IFSC (Gujarat International Finance Tec-City-International Financial Services Centre), as soon as April or May this year.
The information was given by the Vice President (VP) of Zerodha, Somnath Mukherjee, while speaking at the GSMC 2.0 (Global Securities Market Conclave) in Mumbai today.
Introduction to GIFT IFSC
GIFT IFSC is a financial hub located in Gujarat, India, which provides a platform for Indian investors to invest in international markets. The GIFT IFSC has been gaining popularity among Indian investors, and many brokerage firms, including Zerodha, are now looking to offer their services through this platform.
According to Mukherjee, Zerodha has been tracking this space for a long time, but a few issues were pain points. However, with the introduction of licenses by IFSCA in 2025, brokerage firms like Zerodha can now partner with global brokers to offer US stock investing options to their clients.
Liberalised Remittance Scheme (LRS)
Mukherjee also mentioned that many banks now offer Liberalised Remittance Scheme (LRS) remittances online. This scheme allows Indian residents to remit up to $250,000 per financial year for investment in overseas markets.
However, Mukherjee noted that Zerodha does not have the license to offer LRS remittances yet, and it is up to the company to decide how to proceed with this. He also mentioned that wealthier people have always had access to international markets through wealth arms, but retail investors did not have access until now.
Importance of Diversification
Mukherjee emphasized the importance of diversification for retail investors, stating that it is essential not to keep all eggs in one basket. He also mentioned that Zerodha would not just offer support around the product but also compliance support.
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Global Access Provider (GAP)
A broker-dealer who plans to undertake activities as a global access provider (GAP) in GIFT IFSC needs to obtain authorization from the IFSCA. Mukherjee mentioned that Zerodha is planning to partner with a global broker to offer US stock investing options to its clients.
For more information on Zerodha news, you can visit our website. We also provide updates on US stock market trends and analysis.
Conclusion
In conclusion, Zerodha’s plan to enable US stock investing via GIFT IFSC is a significant development for Indian investors. With the introduction of licenses by IFSCA and the availability of LRS remittances online, Indian investors now have more options to invest in international markets.
For more information on investing in US stocks, you can visit our website. We also provide updates on Indian investors and their investment options.