Key facts
- Resident Indian investors can now invest in global stocks, ETFs, and mutual funds through GIFT City.
- Dhan has launched access to US-listed stocks and ETFs for Indian investors via its subsidiary Raise IFSC Private Limited.
- The platform operates under the regulatory framework of the International Financial Services Centres Authority (IFSCA).
- Investors can access stocks listed on the Nasdaq and NYSE through the Dhan app.
- Dhan offers features like SIPs in US stocks and ETFs, with a fixed brokerage of 0.25% and no account maintenance or custody fees.
Resident Indian investors can now access global stocks, ETFs, and mutual funds through India's GIFT City, bypassing domestic investment caps and facilitating diversification. Dhan has launched its platform via its subsidiary Raise IFSC Private Limited, a member of India INX, operating under the International Financial Services Centres Authority (IFSCA).
Through the Dhan app, Indian investors can invest in US-listed stocks and ETFs on the Nasdaq and NYSE, adhering to RBI and FEMA regulations. The platform offers features like systematic investment plans (SIPs) in US securities, with a fixed brokerage of 0.25% and no account maintenance or custody fees. Dhan has partnered with ViewTrade for brokerage services and GlomoPay for payment technology.
This initiative follows similar launches by other platforms, such as SAMCO Securities, which also received an IFSCA broker-dealer license to offer global investing. The GIFT City route aims to provide greater clarity and accessibility for Indian investors looking to invest in international markets, which previously faced regulatory hurdles and investment caps.