Groww Opens U.S. Stocks to Indian Retail Investors — SkimNews
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- Groww, which accounts for more than 29% of India’s 46 million active brokerage investors, rolled out U.S. equity trading earlier this month, offering more than 10,000 U.S. stocks, ETFs and fractional shares; NVIDIA, SpaceX, Apple, Alphabet, Amazon, Micron and Meta were popular among early users.
- Zerodha, which holds a 15% share of active clients according to NSE, began beta testing U.S.-stock trading and plans to launch the service within a few weeks.
- Angel One, a brokerage with 6.7 million active retail clients, is reportedly planning to launch U.S.-stock trading on its platform.
- Nifty 50 dropped nearly 13% since the start of the year while the S&P 500 gained more than 12%; rupee depreciation is pushing investors to keep part of their portfolios in another currency, while experts said missing local AI champions and relatively expensive valuations steered them toward South Korea and Taiwan over India.
- Indian resident investors sent more than $321 million overseas for equity and debt in August, up 111% year over year, with $2.6 billion in outward investment remittances for the fiscal year ended March 2026; separately, NSDL data showed record $32.5 billion in foreign direct-equity outflows from India since January, pressuring the local market.
- Anand Rathi Shares & Stock Brokers’ Tanvi Kanchan said investment now accounts for 11.7% of India’s total outward remittances, up from 5.8% a year ago, and warned that small retail outflows can amplify pressure when the rupee is weak and U.S. markets are strong.
- Kotak Mahindra Asset Management Singapore CEO Nitin Jain cautioned that the Indian regulator could have “second thoughts” about allowing retail access to U.S. markets as participation increases.
Why it matters: Groww and Zerodha are broadening retail access to U.S. tech as the Nifty 50 has fallen nearly 13%. The overlooked rupee issue: Indians sent $321 million abroad in August, up 111% year on year, while foreign investors pulled $32.5 billion from local equities since January, adding pressure to the already-weak currency.
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