Groww Launches US Stock Trading for Indian Investors — SkimNews
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- Groww rolled out direct trading in US equities through its app in early October, enabling Indian investors to buy and sell US-listed stocks, ETFs, and fractional shares.
- Groww provides access to over 10,000 US-listed securities including Alphabet, Apple, Nvidia, and Tesla, as well as ETFs like the Invesco Nasdaq 100 and SPDR S&P 500.
- Groww IFSC offers the international investing service under IFSCA regulations, requiring users to complete verification for personal and financial details before funding accounts.
- Indian investors can fund US dollar accounts via Axis Bank, HDFC Bank, ICICI Bank, IDFC First Bank, and Kotak Mahindra Bank, with remittance subject to RBI’s Liberalised Remittance Scheme.
- Groww enables fractional share ownership, allowing investors to buy portions of high-priced US stocks, and integrates US investment tracking alongside domestic holdings in one app.
Why it matters: Indian investors now have streamlined access to US markets through a domestic platform, lowering entry barriers to high-growth tech stocks and ETFs. This shifts portfolio diversification from being institution-dependent to retail-accessible, with real-time exposure to dollar-denominated assets amid rupee volatility and global market swings.
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