SBICAP Securities partners with Appreciate for global market access via GIFT City

Reports coming in for today mention that SBICAP Securities Limited, a group firm of State Bank of India, has partnered with Appreciate Broking IFSC Pvt. Limited to give retail market participants access to international markets through the GIFT City IFSC framework.

The arrangement was inaugurated by State Bank of India Chairman Challa Sreenivasulu Setty at the Global Fintech Fest in Mumbai. It allows market participants to trade through both India INX GA, a BSE subsidiary, and NSEIXGA, an NSE subsidiary, under a single platform.

Market participants can access more than 8,000 US-listed stocks and global ETFs. Fractional investing starts from $1. The platform additionally plans to offer global mutual funds, thematic portfolios and structured products in later stages.

The route operates under the regulated GIFT City structure. It supports single KYC onboarding, multi-bank remittances and holding of US securities with regulated US custodians. Market participants do not need repeated onboarding to access products linked to both exchange subsidiaries.

Baldev Prakash, Managing Director and CEO of SBICAP Securities, stated Indian market participants are increasingly looking beyond domestic markets for portfolio diversification. The partnership aims to provide a regulated pathway for such access.

Shlok Srivastav, Co-Founder and COO of Appreciate, stated the collaboration combines SBICAP Securities’ distribution reach with Appreciate’s IFSC infrastructure to simplify international investing for Indian clients.