Not available as of now. Will take some more time.
This did not age well.
That may not fix remittance cost under LRS, anyhow recently we started working on other route and will update once it is finalized.
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I was waiting for Zerodha but ultimately decided to open an account with Groww for US stocks.
Remitted money to their account via Kotak. Kotak has fixed remittance charges of about ~Rs1500 (incl. of GST). These charges would obviously be a lot if you’re remitting USD 10 or 100 but become negligible once the remittance amount increases to USD 1000, USD 10000 or even more.
Any update or good news related to this please inform us zerodha team we are waiting…
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Not yet, will take few more months for sure, meanwhile can check some MFs to get US exposure.
MFs dont give option to chose stock, otherwise those would have been helpful. Still there must be timeline in your mind, right as almost all other have announced or launched their global platforms.
If any of you are using a broker to invest in US domiciled stocks or ETFs then a couple of things which you need to be aware of are below. Hopefully Zerodha also is looking at these issues.
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What happens in case of death of account holder? In India it is relatively easy as you have the option to add nominee to your account or alternatively your family can seek probate from Indian court after which they get access to assets. Since most Indian platforms use Drivewealth as their broker, it is unclear what would happen in this scenario. How easy would it be for your loved ones to access your money or securities? Would they need to seek probate from a US court?
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Incase of death of account holder who is a non US resident and if your holdings in US stocks, ETFs, etc are above USD 60,000 then US govt could charge around 40% as estate tax. This is often ignored by Indian investors or is an area that is gray and needs due diligence.
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Will really appreciate if some clear timelines can be provided, this is now stretching too long.
If there is no timeline decided then this can keep on going forever 
To be frank we are not aware of exact ETA, as we are in between this process where many regulators are involved and to move forward their approvals are required, hence it also depends on how other parties function.
If it is a product or feature then we can mention some ETA with some errors but as this is a new process itself can’t give any ETA.
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How much can we invest abroad ? Is there any upper limit ?
With many US based MFs being launched by Indian AMCs I feel any one willing to invest in US can take this route. Although I am fine with investing in Indian market only
Understood. Waiting for you guys to sort it out.
Wish it comes soon.
Out of curiosity, since other brokers are supporting in partnership with the likes of Stockal , IB .
Are you guys taking same route or will be supporting on standalone basis.
We can take any route but we are trying to solve remittance part, currently it doesn’t make sense if need to cater larger retail audience.
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Several banks have started online remittances. I transferred through Indusind, and it cost less than Rs. 1,000 including taxes and my funds were credited to the broking account in 1 week. I feel you should let clients remit through their own banks rather than holding your product for something which is outside your control. Also buying stocks from other platforms is seamless within the app, without having to land on the broker’s platform.
During the delay of 1 year till now, I am sure a large chunk of investors have opted for other platforms despite their shortcomings. As a well wisher of Zerodha, I suggest launching a minimum viable product to start with, rather than delaying further for a full fledged one that you have envisaged.
Whenever the complete product is ready, that will open the doorways for volume users.
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Which broker did you use?
For what?