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Mirae Asset Sharekhan advertises a GIFT City service for eligible Indian residents and some NRIs to access more than 10,000 U.S. stocks and ETFs. The provider also advertises fractional investing in a subset from USD 1. These are provider claims, not an independent assessment; fees, eligibility and applicable investor protections need checking before you invest.
What the GIFT City service offers
On its official service page, accessed October 7, 2026, Mirae Asset Sharekhan says the service offers more than 10,000 U.S. stocks and ETFs, including examples such as Apple, NVIDIA, Alphabet, QQQ, SPY and VT. The stated universe and examples are the provider’s representations; availability can change.
The page describes the offering as access through GIFT City and says the service is co-powered by ViewTrade International IFSC Private Limited. The provider identifies Mirae Asset Capital Markets (IFSC) Pvt. Ltd. as an IFSCA broker dealer and ViewTrade as an authorised Global Access Provider. It also names Glomo Payments IFSC Private Limited as the remittance service provider, and says Sharekhan acts as a distributor of third-party products.
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| Investor category | Provider’s stated eligibility | What to check |
|---|---|---|
| Resident Indians | The provider says residents can invest through India’s Liberalised Remittance Scheme (LRS), up to USD 250,000 per PAN per year. | Confirm current RBI rules, your available LRS limit and any requirements that apply to your circumstances. |
| NRIs | The provider says NRIs are eligible, except NRIs, PIOs and OCI cardholders based in the U.S. or Canada. | Check your residency and status against the provider’s current terms before opening or funding an account. |
These are eligibility statements on Mirae Asset Sharekhan’s service page, not an independent legal interpretation. The provider’s page does not establish that every person in either category will qualify.
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How funding is described
- Remit INR: The provider describes funding from an Indian bank account.
- Convert to USD: The remittance is converted from INR to U.S. dollars.
- Credit the wallet: The provider says the USD is credited to a GIFT City wallet for investing.
Mirae Asset Sharekhan describes this route as LRS-compliant. The page does not establish the currency-conversion spread or the complete costs of an individual remittance, so confirm those details and the withdrawal process with the provider before transferring money.
Fractional investing and the stated minimum
The provider says more than 2,500 stocks and ETFs in its offering are available fractionally from USD 1. It says fractional or notional orders from USD 1 are market orders only. That minimum applies to the provider’s stated fractional subset, not necessarily to every security or order type; check the live offering and order details before placing a trade.
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What the advertised zero fees do—and do not—mean
The official page advertises a ₹0 account-opening fee and a ₹0 platform annual fee. Its disclaimer also says brokerage and other charges apply under tariff rates at the sole discretion of Sharekhan Limited and ViewTrade International IFSC. The available page information does not establish a complete current tariff or FX spread, so the two advertised zero-fee items should not be read as an all-in cost of investing.
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Mirae Asset Sharekhan’s disclaimer says the U.S. stocks are not exchange-traded funds and that disputes relating to its U.S. stock service do not have access to specified recognised IFSC exchange investor-protection, dispute-resolution and grievance-redress mechanisms. This describes the provider’s stated caveat; it should not be broadened into a claim that investors have no protections. The legal scope and application to a particular customer have not been independently established here.
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The provider also says relevant SEC and FINRA fees apply, advises customers to review offering documents and recommends seeking independent professional advice. Read the current documents to understand which arrangements apply to your account and what routes are available if a dispute arises.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What to verify before opening or funding an account
- Whether your residency and status meet the provider’s current eligibility rules.
- Your applicable LRS position and any current regulatory requirements.
- The full tariff, including brokerage and other charges, and the exchange rate or FX spread for conversion.
- Which securities are currently available, and whether a particular fractional order is restricted to market execution.
- The service-provider and custody arrangements, applicable investor protections, and available complaint or dispute routes.
The service details and figures above reflect Mirae Asset Sharekhan’s official page as accessed October 7, 2026. Its terms may change. The page also includes a return illustration; it is not a forecast or evidence of expected performance, and past or hypothetical currency and market movements do not guarantee future results.
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