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Launch · Financial Services

Dhan and Samco Securities launch US stock access for Indians

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Date
Company
Dhan
What it does
Investment platform for US stocks
Kind
Launch
Sector
Financial Services

What they do

Dhan is an investment app that lets Indians buy US stocks and ETFs

What happened

It launched global access via GIFT City, partnering with ViewTrade and GlomoPay

Why it matters

The platform charges no custody fees and a 0.25% brokerage on transactions

The details

  • Dhan and Samco Securities launched global investment access for Indian investors.
  • The access is through the GIFT City route in Gandhinagar.
  • Dhan introduced US stocks and ETFs via its app.
  • ViewTrade is the brokerage partner for Dhan.
  • GlomoPay provides payments technology for Dhan.
  • Samco Securities launched its global investment platform on June 11.
  • Samco received a broker-dealer licence from the IFSCA at GIFT City.

The bigger picture

  • Indian investors can now directly invest in US-listed securities without opening a foreign account.
  • The GIFT City route offers regulatory clarity and tax benefits for cross-border investments.
  • This launch expands the options for Indians seeking international diversification.

About the business

  • Dhan offers SIPs in US stocks and ETFs, super orders, and portfolio tracking with analytics.
  • Dhan integrates fund transfers with leading Indian banks for direct movement into investors' US accounts.
  • Samco platform provides research coverage on more than 700 global securities, including S&P 500, NASDAQ 100, and over 100 ETFs.
  • Samco offers quantitative research, investment recommendations, target prices, stop-loss frameworks, and portfolio monitoring.

What happens next

  • Dhan plans to add more banking partners for fund transfers.

The deal

Type
launch

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