Upstox launches US stock investing in India, Inc42 reports
Inc42 says the offering covers 8,000-plus US-listed stocks and 2,000-plus exchange-traded funds, with fractional investing starting at $1 and funding in rupees through supported Indian bank accounts.
TLDR
Inc42 reports that Upstox launched US stock investing in India after receiving IFSCA approval, with access to stocks including Apple, Tesla, Amazon and Alphabet. Users can start with $1 through fractional investing—buying a portion of a share. According to Inc42, the service operates through GIFT City and follows the RBI’s Liberalised Remittance Scheme, which allows residents to remit up to $250,000 per financial year for permitted overseas transactions. The publisher also says Zerodha, Groww and Angel One are preparing to offer international investing.
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