Economy
Zerodha Launches US Stock Investing In Beta Mode Via India INX At GIFT City
Livemint1h
THE BRIEF
1
Discount brokerage Zerodha launched US stock investing in beta mode on its Kite platform this week, allowing resident Indians to trade US-listed stocks and ETFs.
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The service provides access to approximately 2,000 companies and 1,000 ETFs with fractional investments starting at $1, routed through India INX at GIFT City.
3
Long-term capital gains for assets held beyond 24 months are taxed at 12.5 percent, while short-term gains follow applicable income-tax slab rates.