Investment platform Groww has opened its US stock investing service to all customers, allowing Indian investors to buy and sell shares of American companies and exchange-traded funds (ETFs) through its app. The move follows a phased rollout that began around four weeks ago and expands the platform’s investment offerings beyond domestic markets.
The service provides access to more than 10,000 US-listed stocks and ETFs, covering sectors and themes such as artificial intelligence, software-as-a-service (SaaS), semiconductors and space technology. Investors can purchase shares of companies such as Apple, Microsoft, NVIDIA, Tesla, Alphabet, Amazon and Meta Platforms. The platform also offers access to ETFs tracking broader market indices and specific sectors, including the S&P 500, Nasdaq-100 and semiconductor stocks.
Groww’s offering supports fractional investing, enabling customers to buy a portion of a share instead of paying the full price of an individual stock. This allows investors to participate in the US equity market with smaller amounts, although their investments remain subject to market risks and currency fluctuations.
Harsh Jain, Co-founder and Chief Operating Officer of Groww, said the growing global exposure of Indian consumers and professionals was also influencing their investment preferences. He said access to US stocks fitted into the company’s broader objective of offering investors a wider range of wealth-building opportunities through a single platform.
Customers can access the US Stocks section under the Products and Tools menu in the Groww app. They must activate the service and complete the required onboarding and verification process before placing orders.
As part of the onboarding process, investors are required to provide personal and financial information, including employment status, annual income bracket, liquid net worth and primary source of funds. Once verification is completed, they can add money through the supported bank-enabled remittance process.
Groww users with HDFC Bank accounts can add funds to their US Stocks balance through a digital remittance process involving bank authentication and transaction verification. Users must initiate the transfer on Groww, verify their bank details, complete OTP-based authentication through Net Banking or Debit Card, and confirm the transaction. The platform displays the deposit status and transaction reference, with email notifications confirming the outcome. Users are advised to keep their banking credentials and registered mobile phone handy, as the authentication window is approximately five minutes.
Groww currently lists HDFC Bank, ICICI Bank, IDFC First Bank, Axis Bank and Kotak Mahindra Bank among the banks supported for online funding. Investors can transfer money through the applicable authorised remittance process. After the funds are credited to their US dollar balance, they can select an eligible stock or ETF and place a buy order through the app.
The platform also allows customers to link multiple eligible bank accounts, subject to verification requirements and applicable outward remittance rules.
Groww’s international investing service is offered through Groww IFSC Private Limited, which holds Global Access Provider and broker-dealer registrations under the International Financial Services Centres Authority (IFSCA).
For Indian residents, overseas investments are subject to applicable foreign exchange regulations, including the Reserve Bank of India’s Liberalised Remittance Scheme (LRS). Investors should also account for currency conversion charges, which may vary across banks, along with applicable taxation and the risks associated with international equity markets.
The expansion gives Groww customers access to an additional asset category alongside their existing domestic investments. However, investing in US-listed stocks involves exposure to both movements in the underlying share prices and fluctuations in the rupee-dollar exchange rate. Investors should evaluate these factors before allocating money to overseas equities.