Zerodha Launches US Stock Investing, Offers Access To 2,000 Stocks

What happened

Discount brokerage Zerodha has launched US stock investing in beta mode on its Kite platform, allowing Indian investors to buy shares of US-listed companies and exchange-traded funds (ETFs (a fund traded on a stock exchange like a share)) through their existing accounts. The offering provides access to up to 2,000 US-listed companies and around 1,000 ETFs.

It also provides support for fractional investing, allowing users to invest in a portion of a share with investments starting at $1. Resident Indian individuals can activate the international investing segment through Kite without opening a separate demat account and transfer funds from their linked Indian bank accounts to a dollar-denominated wallet.

Users can fund their dollar-denominated wallets through netbanking from linked accounts at supported Indian banks. UPI, debit cards, and credit cards are not supported.