Zerodha to Offer US Stocks via GIFT IFSC by April-May
Launch Timeline Set VP Somnath Mukherjee confirms US stock investing via GIFT City launching April-May 2026. IFSCA licencing clarity secured. Backend systems, compliance framework nearly ready
GIFT City Advantage Investments held in Indian demat accounts via GIFT IFSC custodians (HDFC Bank). Rupee-denominated settlement. No overseas remittance, faster than traditional LRS route
Delayed 6-Year Vision CEO Nithin Kamath first flagged US investing 2020—stalled by COVID, regulatory hurdles. IFSCA's global access provider licences introduced 2025 cleared pathway finally
Competitive Pressure Builds Rivals Groww, INDmoney, Axis Direct already offer US stocks. Groww overtook Zerodha active clients. International access now competitive necessity amid first revenue drop
Challenges Remain 20% TCS on overseas investments above ₹7 lakh could dent demand. $250,000 annual LRS limit applies. Zerodha bets GIFT City compliance, tech simplicity attract retail diversification seekers