From mint · A Ksheerasagar · · 1m 30s
Zerodha launches US stock investing
Indian investors can now buy US stocks like Tesla and Amazon through Zerodha's new beta service.
In brief
Indian investors can now buy US stocks like Tesla and Amazon through Zerodha's new beta service. Zerodha launched beta access to US stocks for Indian residents via Kite platform, enabling fractional investing from $1. Originally reported by mint.
Zerodha launches US stock investing
Zerodha launched beta access to US stocks and ETFs through its Kite platform for eligible Indian residents.
Invest in up to 2,000 US companies
The service allows Indian investors to access up to 2,000 US-listed companies and around 1,000 ETFs with fractional investing from $1.
US stock market size
US-listed equities account for 44% to 46% of global market value with a total market capitalisation exceeding $80.40 trillion.
How to activate US stocks
Indian residents with Zerodha accounts can activate US stocks through the platform's international tab to search and place orders.
Brokerage charges
Zerodha charges 0.1% brokerage on trades with a minimum of $0.01 and maximum of $10, plus an additional 18% charge.
Trading rules
The platform supports only delivery-based orders for US stocks, with no intraday trading, margin trading, or futures and options.
Tax implications
Long-term capital gains on US stocks held over 24 months are taxed at 12.5% while short-term gains are taxed at the investor's income tax slab rate.
Why consider US stocks
US stocks offer global growth opportunities, established companies, diversification, and access to major corporations like Tesla and Amazon.
The takeaway
Zerodha launched beta access to US stocks for Indian residents via Kite platform, enabling fractional investing from $1.
