Zerodha opens US stock and ETF investing on Kite, from $1
Eligible Indian investors can now buy US-listed shares and ETFs on Kite through GIFT City, with fees and limits to note.
The 30-second read
- Zerodha has launched US stock and ETF investing on Kite for eligible Indian investors.
- Up to 2,000 US-listed companies and around 1,000 ETFs are available, with fractional investing from $1.
- Brokerage is 0.1% per order, and there are no intraday, margin, derivatives or IPO options.
IllustrationZerodha has launched US stock and ETF investing on Kite for eligible Indian investors, as reported by Business Today, Inc42 and Indian Startup News. Users can choose from up to 2,000 US-listed companies and around 1,000 ETFs. Fractional investing starts at $1, first reported by Inc42. Orders are routed through BSE-owned India INX Global Access at IFSC, GIFT City. Indian Startup News first reported that ViewTrade is the US brokerage partner.
On costs, brokerage is 0.1% of transaction value, floored at $0.01 and capped at $10 for each order, with 18% GST on top. Currency conversion carries a bank markup above the RBI reference rate. Indian Startup News first reported the funding rules: $50 for the first transfer, then at least $100, via netbanking from HDFC, ICICI, Axis, Kotak or IDFC FIRST. UPI and cards are not supported.
There are limits. Intraday, margin, derivatives and IPO applications are not available. Indian Startup News first reported that NRIs, joint holders and non-individuals are excluded, and that the LRS limit is $250,000 per financial year. Rivals are active too. Inc42 first reported that Groww offers more than 10,000 US stocks and ETFs via Alpaca Securities, and Upstox offers 8,000+ stocks and 2,000+ ETFs, both launched in September. Angel One is rolling out to select users.
Why it matters
Resident Indian individuals with Zerodha accounts can now reach US markets inside Kite. They must stay within RBI's LRS limit and follow TCS and foreign asset disclosure rules.
The data
| Broker | Offering |
|---|---|
| Zerodha | Up to 2,000 US companies and around 1,000 ETFs |
| Groww | More than 10,000 US stocks and ETFs (launched September) |
| Upstox | 8,000+ stocks and 2,000+ ETFs (launched September) |
