Angel One is opening up US stocks to everyone: Why this 'major shift' changes how you invest.
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Angel One will roll out US stock investing to all customers in 45 days.
- ✓CEO Ambarish Kenghe said, "We have started rolling out to a select set of customers." The firm also plans to launch corporate bonds within a fortnight, as it expands its financial services beyond core stock broking.
Story at a Glance
- Category
- MARKET
- Reported By
- MoneyControl
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Angel One has begun a phased rollout of US stock investing to select customers and is very bullish on customer interest in the product, group CEO Ambarish Kenghe told Moneycontrol. "We have started rolling out to a select set of customers. We look at it, and if everything is stable, we will roll out to all of the customers over the next 45 days," Kenghe said. The brokerage is looking to expand its investment offerings beyond domestic equities and tap demand for overseas investments.
Groww had also begun a phased rollout of US stock investing fortnight ago. Incidentally, Zerodha has launched US stocks for its customers on October 19. "We see a lot of interest in that because it is also about geographical diversification. So I see that doing well," he said.
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