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ICICI direct offers investment facility in 5 global markets

ICICIdirect, retail broking services provider and financial services product provider, said it is expanding its global investments facility to newer markets like United Kingdom, Japan, Germany and Singapore. The firm’s global investment customers can now trade in securities in these markets, in addition to the US. The facility is being offered in association with Interactive Brokers, a United States-based online brokerage firm with multi-asset and multi geography trading capabilities. The entire customer journey, from on-boarding to buying and selling of securities, is completely digital. Anupam Guha, Head – Private Wealth Management at ICICI Securities, said since the encouraging response to its global investment facility for the US markets in August 2020, customers have been demanding for other markets too and the company is launching 5 new markets on the platform, with which its 5.5 million+ customers can now avail of investment opportunities in these matured and well-regulated markets, and also further de-risk their portfolio from geography concentration point of view. Investors can participate in the opportunity through the Liberalised Remittance Scheme (LRS), and can now invest across stocks, Exchange Traded Funds (ETFs), Mutual Funds (non-US) and fixed income products up to $250,000 per annum.

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