Dhan launches US stocks, ETFs investing via GIFT City route
Dhan launched US stocks and ETF investment access for Indian investors via the GIFT City framework, partnering with ViewTrade and GlomoPay while offering zero account maintenance fees and 0.25% brokerage. The move follows regulatory alignment with RBI and FEMA, enabling investments in Nasdaq and NYSE-listed securities without derivative trading, with tax compliance under DTAA for dividends and Indian regulations for capital gains.
Dhan, an Indian trading and investing platform, launched US-listed stocks and exchange-traded funds (ETFs) for Indian investors on June 12, 2026, through the GIFT City framework. The service operates via Raise IFSC Private Limited, a subsidiary regulated by the International Financial Services Centres Authority (IFSCA), complying with RBI and FEMA requirements. Investors can now buy stocks from Nasdaq and NYSE via the Dhan app, with brokerage services provided by ViewTrade and payment technology by GlomoPay. No account maintenance or custody fees apply, though brokerage is fixed at 0.25% of transaction value. Features include SIPs for US stocks/ETFs, super orders, and portfolio tracking, while derivatives trading remains restricted. Dhan founder Pravin Jadhav stated the platform simplifies global investing for Indian users, offering exposure to US sectors like technology, AI, semiconductors, healthcare, and consumer businesses. Fund transfers integrate with major Indian banks, with more partnerships expected. Dividends face withholding tax under the Double Taxation Avoidance Agreement (DTAA), while capital gains follow Indian tax rules. This launch follows SAMCO Securities’ similar move on June 11, 2026, after receiving its IFSCA broker-dealer license. Both platforms aim to streamline cross-border investments for Indian retail investors.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.