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ICICI Securities has tied up with Interactive Brokers LLC, a US-based on-line brokerage agency to supply its customers the flexibility to invest in the US markets. This will assist ICICI Securities’ almost 48 lakh customers to diversify their investments outdoors of the Indian market and can commerce in US markets throughout shares, ETFs, and stuck earnings merchandise.
ICICI Securities Limited, a subsidiary of ICICI Bank, operates www.icicidirect.com, a digital monetary grocery store platform.
ICICI direct account holders can digitally open the account by the icicidirect web site and select from the subscription plans obtainable relying on their buying and selling desire.
“There is no minimum ticket size and US markets even allow for fractional ownership of shares, so even small retail investors can build a portfolio effectively,” ICICI Securities stated.
“With ever rising globalization, diversification has turn into an vital goal for a lot of traders to unfold dangers and faucet alternatives throughout geographies and asset lessons. Investing in a matured and well-regulated market just like the US supplies publicity to well-known and properly tracked worldwide corporations,” stated Vijay Chandok, MD & CEO, ICICI Securities.
“We feel it is the right time to offer such a facility for our customers and are happy to join hands with Interactive Brokers. Together we will make investing in the US markets almost as seamless as it is investing in the domestic markets. The complete investment journey, right from account opening, broking, portfolio monitoring and statements will be offered seamlessly and digitally. Based on investor demand, the facility could be extended to other markets as well in the future,” he added.
Ankit Shah, Director of Interactive Brokers’ Indian entity stated: “This alliance will present ICICI Securities’ shoppers entry to shares, ETFs, bonds and mutual funds listed in the US. We consider that many Indians have curiosity in investing in corporations outdoors of India and in manufacturers that they use daily. Indian traders will now be capable of make the most of Interactive Brokers’ award successful platform and execution functionality to make it occur.”
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